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 ...

Somabay Uncovers 2 New Flagship Residences

Somabay Development Company has unveiled two latest launches at its Red Sea coastal resort Somabay, namely "Mesca" and "Reeftown Residences," featuring both luxury and modern living together.

About 4,500 Factories Under Construction in Alexandria, Red Sea: Official

Egypt's Cabinet Spokesman Nader Saad said 13 industrial complexes, with approximately 4,500 factories in Alexandria and the Red Sea Governorates.

Wadi Degla Allocates EGP 5.3 bn for Construction Works in FY 2019/20

CEO of Wadi Degla Holding Maged Helmy said the firm is allocating EGP 5.3 bn for construction works of its projects in Egypt in FY 2019/20.

IWAN to Soon Uncover New Project in Red Sea

Egypt-based IWAN Developments is preparing to launch a new integrated urban project in the Red Sea region soon.

Egypt’s Tourism Industry to Upturn in 2019

Colliers International MENA Hotel Forecast for 2019 has uncovered that Egypt's tourism industry will witness a boom this year, forecasting the Red Sea resorts of Hurghada and Sharm El Sheikh to become tourist hot ...

ALDAU Development Pumps EGP 3 bn in Hurghada

Egypt’s hospitality and property developer ALDAU Development, member of Sami Saad Holding, has unveiled its plans to invest EGP 3 bn in its projects in Red Sea's Hurghada, while aiming to set up a new hotel and co ...

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

ALDAU Development Kicks Off First Open Art Exhibition in Hurghada

Egypt's hospitality and property developer ALDAU Development, member of Sami Saad Holding, has opened its newest talent hub and the first walkaway in Hurghada, ALDAU Art Promenade, whereby it aims to become a supp ...

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 ...

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