ODE’s Makadi Heights to Soon See Integrated Telecom Services

Orascom Development Egypt's (ODE) flagship project on the Red Sea coast of Hurghada, Makadi Heights, will soon see integrated telecommunication services, under the signing of a cooperation agreement with Telecom E ...

ODE Seals USD 265 mn Loan Agreement

Orascom Development Egypt (ODE) has sealed a medium-term loan deal worth USD 265 mn (EGP 4.1 bn) to refinance outstanding debt and bankroll growth plans.

Orascom Development’s O West Sponsors GFF 2020

O West, Orascom Development Egypt’s (ODE) first home project in Cairo, has announced its sponsorship of the El Gouna Film Festival (GFF), which will be held from October 23 to 31.

ODE, Mangroovy for Hotels Ink EGP 105 mn El Gouna Land Sale Deal

Mangroovy for Hotels and Orascom Development Egypt (ODE) have signed a land sale contract worth EGP 104.8 mn for merely 40,654.5 square meters of land area in its Red Sea resort town of El Gouna.

ODE Adds 2 NIS Schools to O West at Over EGP 500 mn

Orascom Development Egypt (ODE) and Dr. Nermien Ismail Schools (NIS) have joined forces to develop two new international schools in the former Egyptian developer's O West project, at costs exceeding EGP 500 mn.

ODE Brings Kent College to O West

Orascom Development Egypt (ODE) has signed a school development agreement with Kent College to manage and operate a K-12 international school in O West, Invest-Gate reports.

Samih Sawiris Takes Over German Thomas Cook

Billionaire business tycoon Samih Sawiris, through his Raiffeisen Touristik (RT) Group, has acquired the German travel agency franchise system of Thomas Cook, after the latter reported a major drop in sales and we ...

Orascom Development Profits Jump 83% in 9 M

Orascom Development Egypt (ODE) posted an 82.9% hike in net profit, up to EGP 501.2 mn in the first nine months of 2019 versus EGP 274.1 mn in the prior-year period

Orascom Construction, Siemens to Rebuild 1.6 GW Plant in Iraq

Egypt's Orascom Construction has announced that its consortium with Siemens signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq, Invest-Gate reports ...

ODE Posts 253.4% Surge in H1 Sales

Orascom Development Egypt's (ODE) net sales hiked by 253.4% to EGP 4.2 bn in H1 2019, compared to EGP 1.2 bn a year earlier, driven by a rise in unit sales in its newly-launched project in west Cairo, O West, in a ...

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