ODE Sells 87% Tamweel Group Stake to Ebtikar-Led Consortia

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding in Egypt, has sold its entire stake in Tamweel Group, representing 87% of the company, to a consortium led by Ebtikar for Fina ...

ODE Signs EGP 3.8 bn Debt Rescheduling Package with Egyptian Banks

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding in Egypt, has signed CHF 228.1 mn (nearly EGP 3.82 bn) debt rescheduling package, a step coming to boost the company's balance ...

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 ...

ODE Officially Launches 1st Home Project

Orascom Development Egypt (ODE) has announced on February 27 the official launch of O West, its first home project, following the remarkable demand witnessed on the compound's soft launch last December.

ODE Officially Joins EGX30

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding (ODH) in Egypt, has been officially added to the main Egyptian benchmark index "EGX 30," which includes the top 30 companies l ...

Madbouly Follows Up on Development Projects in Saqqara

Prime Minister Mostafa Madbouly has held a meeting to follow up on the latest developments on some projects being implemented for the restoration of ancient Saqqara archaeological area, aiming to provide an array ...

ODE Sells Stakes in Makadi to Reduce Debt Balance

Orascom Development Egypt (ODE) has finalized the sale of its stakes in two hotels and a land plot in its Makadi destination on the Red Sea coast, attempting to reduce its debt balance

ODE, NUCA Ink Final Agreement to Co-Develop 1,000 Acres in West Cairo

Orascom Development Egypt (ODE) has signed the final agreement with the New Urban Communities Authority (NUCA) to co-develop a 1,000- acre integrated community project in 6th of October City, west Cairo based on a ...

O West Likely to Achieve EGP 71 bn Consolidated Sales Over 10 Years: Official

Mariam Elsaadany, a real estate analyst at HC Research, says that O West project, which is being developed by Orascom Development Egypt (ODE), is expected to generate consolidated sales of some EGP 71 bn over year ...

Orascom Development, NUCA to Build a Replica of El Gouna

Orascom Development Egypt has reached a settlement agreement with the New Urban Communities Authority (NUCA) to build a replica of El Gouna in 6th of October city

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