ODE’s Net Real Estate Sales Spikes 282.8% in Q1 2019

Orascom Development Egypt (ODE) has reported that its net real estate sales soared by 282.8% to EGP 1.5 bn in Q1 2019 versus EGP 397.6 mn in the prior-year period, driven by a rise in unit sales at O West, its fir ...

ODH Achieves EGP 3.47 bn Sales in 2018

Egypt's Orascom Development Holding (ODH) has achieved record-high net real estate sales of EGP 3.47 bn in FY 2018, excluding its newest residential project O West, compared to sales of EGP 2.19 bn a year earlier. ...

Orascom Hotels, Thomas Cook Ink Deal for New Hotels in El Gouna

Orascom Development Holding's hotel subsidiary Orascom Hotels Management (OHM) inked on December 19 an agreement with global travel company Thomas Cook Group to establish a new beachfront hotel property in El Goun ...

US Firm Values Orascom’s El Gouna Assets at USD 2.1 bn

Orascom Development Holding (ODH) said that a new report by a US firm has valued its land banks and 17 hotels at the Red Sea resort of El Gouna at USD 2.1 bn, 42 times its current book value

Hassan Allam Properties Releases New Units in Swanlake El Gouna

Egyptian developer Hassan Allam Properties (HAP) announced on October 14 the launch of new units in its fully integrated community of “Swanlake El Gouna” in Egypt’s Red Sea coast

Orascom Reveals First Office Building in El Gouna

Egypt's Orascom Development Holding (ODH) has signed a nine years' lease agreement with a German-based company to lease the first office building in El Gouna for a total amount of USD 6.7 mn

First Residence Launches Second Phase of Mangroovy Residence in El-Gouna

Egypt’s real estate developer First Residence for Real Estate Development launches the second phase of the Mangroovy Residence in El-Gouna, the Red Sea, Invest-Gate reports.

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