Orascom Development stands at the forefront of Egypt’s real estate market, posting revenues of EGP 24.9 billion in 2025 according to financial statements published on the Egyptian Exchange.
Led by businessman Samih Sawiris as Chairman of the Board, the company operates 5 fully integrated destinations across Egypt spanning Hurghada, 6th of October, Taba, Fayoum, and the Red Sea coast, alongside an international footprint that extends to seven countries.
Unit prices currently start from EGP 6,980,000 with payment plans reaching up to 9 years, a combination of financial strength and portfolio diversity that makes the developer a preferred choice for homebuyers and investors alike.
Orascom Development
The roots of Orascom Development Holding trace back to the Orascom group founded by Engineer Onsi Sawiris in 1976, while the company’s journey in integrated destination development began in the late 1980s with the launch of El Gouna on the Red Sea coast.
That flagship town went on to become a benchmark for integrated touristic and residential development, proving that a fully master-planned city can attract residents and visitors year-round rather than only during holiday seasons.
The group’s Egyptian arm, Orascom Development Egypt, operates as the largest subsidiary of the holding company, controlling a land bank exceeding 50 million square meters in Egypt according to the International Finance Corporation (IFC) statement issued in November 2024.
The group also manages a hospitality portfolio of 33 hotels with more than 7,000 rooms across Europe, the Middle East, and North Africa according to the same statement, operational assets that generate steady cash flows and shield the company from the cyclical swings of property sales.
The company’s activities span residential and coastal real estate development, hotel hospitality, and income-generating commercial assets, in addition to delivering the full infrastructure of its destinations, from schools and hospitals to marinas and golf courses.
Its Egyptian projects are spread across Hurghada and 6th of October as well as Taba and Fayoum, while its international operations extend to Oman, the UAE, Morocco, Switzerland, Montenegro, and the United Kingdom.
The company’s shares trade on the Egyptian Exchange under the ticker ORHD, giving it a level of financial transparency that strengthens the confidence of local and international investors.
The company is led by a management team that blends the founding family’s experience with international executive expertise. The board and executive management include the following names:
- Samih Sawiris — Chairman of the Board.
- Naguib Sawiris — Vice Chairman of the Board.
- Omar El Hamamsy — Group Chief Executive Officer.
- Ashraf Nessim — Executive Managing Director and Chief Financial Officer.
- Marion Quidor — Group Head of Commercial and Strategy.
- Ahmed Dessouky — Group Head of Business Development.
- Hazem Helal — Chief Executive Officer of O West, Makadi Heights, and Byoum.
This structure reflects the company’s approach of separating group-level strategic oversight from dedicated executive management for each destination, ensuring fast decision-making within every project without losing the unified vision of the brand.
The company champions the concept of “integrated destinations” rather than conventional gated compounds. Every destination begins with a comprehensive master plan combining housing, work, education, healthcare, and leisure within a single urban fabric, with a clear priority on delivering infrastructure and community services in the earliest phases of each project.
This approach allows residents to move in and genuinely live from day one instead of waiting years for the community to mature.
The operating model also relies on diversifying income streams across hospitality, retail, education, and services, so that each destination gradually becomes a self-sustaining local economy that funds its own maintenance and growth.
This explains why the company’s units consistently hold and grow their market value even during broader slowdowns in the real estate market.
The company’s vision centers on turning land into vibrant hubs of life that inspire people to live and work with passion, while consolidating its position as a leading global developer of integrated destinations that preserve their value and grow across generations.
- Expanding the developed portion of its land bank in Egypt while raising the share of areas under active development within the overall portfolio.
- Growing recurring revenues from hotels and commercial assets to reduce reliance on unit sales alone.
- Attracting a wider base of international buyers to its Egyptian coastal destinations.
- Cutting energy and water consumption across hotel assets through sustainable financing programs and efficiency technologies.
- Accelerating the delivery of fully finished units backed by ready-to-live infrastructure.
- International Finance Corporation (IFC): the company secured a sustainability-linked loan of USD 155 million according to the IFC statement issued in November 2024, supporting energy and water efficiency and emission reductions across El Gouna hotels.
- Hassan Allam Properties: a development partnership within El Gouna through the sale of a 110,000-square-meter plot for a luxury waterfront project overlooking the lagoons, marking the second collaboration between the two parties inside the destination.
- Global hospitality brands: several hotels within the company’s destinations are operated by international names, including Mövenpick in El Gouna, guaranteeing world-class operating standards and raising each destination’s profile with foreign tourists and investors.
To inquire about investment opportunities linked to Orascom Development‘s partnerships and upcoming destinations, you can reach the Orascom Development hotline +201118183030 for detailed information from the sales team.
| Project |
Location |
Type |
Area |
Status |
| El Gouna |
Red Sea |
Integrated touristic and residential town |
— |
Completed and fully operational |
| Makadi Heights |
Hurghada |
Integrated coastal residential |
around 900 feddans |
Phased delivery |
| O West |
6th of October |
Integrated residential town |
1,000 feddans |
Under construction with phased delivery |
| Aden |
Makadi Bay — Red Sea |
Coastal residential |
— |
Under construction |
| Taba Heights |
South Sinai |
Touristic and hotel resort |
— |
Completed and operational |
| Byoum |
Fayoum |
Residential and touristic |
— |
Phased delivery |
| Jebel Sifah |
Oman |
Integrated coastal |
— |
Operational |
| Hawana Salalah |
Oman |
Integrated touristic |
— |
Operational |
| Andermatt Swiss Alps |
Switzerland |
Integrated alpine resort town |
— |
Operational |
| Luštica Bay |
Montenegro |
Integrated coastal |
— |
Under development |
This portfolio reflects a rare ability to replicate the integrated destination model across profoundly different geographies, from the Red Sea coast to the Swiss Alps, giving buyers the confidence of dealing with a developer whose work has been tested against European market standards and delivered on time.
Makadi Heights is the company’s flagship residential destination on the Red Sea. Elevated 70 meters above sea level, the community offers permanent panoramic views and includes an international school, medical centers, and commercial zones that make it suitable for year-round living rather than seasonal stays.
Unit prices start from EGP 6,980,000 with 0% down payment and installments of up to 6 years.
Makadi Heights
Aden is the company’s newest launch in Makadi Bay, designed as a tranquil coastal community that blends low-rise homes with water features and green open spaces.
Prices start from EGP 7,300,000 with 0% down payment and a 7-year installment plan, making it a fitting choice for buyers seeking a newly launched seaside unit with comfortable payment terms.
Aden Red Sea Village
O West represents the company’s first destination within Greater Cairo, master-planned as a complete town featuring schools, a sports club, and a business district alongside units ranging from apartments and townhouses to standalone villas, with services delivered ahead of homes to guarantee immediate livability.
Prices start from EGP 12,000,000 with a 5% down payment and installments of up to 9 years.
The project benefits from its position on Wahat Road near Mall of Egypt and Media Production City, making it an ideal meeting point between the calm of gated living and the vibrancy of West Cairo.
O West compound
To inquire about the latest prices or book a site visit to any Orascom Development project, you can contact the Orascom Development sales number +201118183030 for price offers and installment schedules.
An investment decision in the company’s projects rests on published operational and financial indicators rather than marketing promises, most notably:
- Genuine international demand: international buyers accounted for 46% of the company’s real estate sales in the first half of 2025 according to its published results, a strong signal of resale liquidity across multiple currencies.
- Rapid growth in price per square meter: average prices per square meter rose between 27% in O West and 77% in Makadi over the same period according to the same data, boosting capital gain prospects for early buyers.
- Operated destinations, not just buildings: the presence of hotels, schools, and commercial activity within each destination sustains occupancy and rental demand throughout the year rather than only in peak seasons.
- Exceptional payment flexibility: plans start from 0% down payment in the coastal destinations and stretch to 9 years in O West, terms rarely offered by a developer of this scale and operating history.
For the latest information on Orascom Development projects, you can reach the dedicated sales team to ask about prices, book site visits, and explore payment plan details.
Orascom Development sales number: +201118183030
Available daily from 10 AM to 10 PM
Orascom Development hotline: +201118183030
Available daily from 10 AM to 10 PM
The Orascom Development sales team offers a free real estate consultation covering a quick assessment of each client’s needs and budget, a recommendation of the most suitable project from the company’s portfolio, on-site unit viewings, and a full walkthrough of all available financing and payment options.
Orascom Development combines decades of experience in building integrated towns, financial strength backed by recurring income from hotels and commercial assets, and a geographic reach that gives its clients options stretching from the heart of Greater Cairo to the shores of the Red Sea and on to prestigious European destinations.
To ask about the latest prices, available unit sizes, and installment schedules, you can contact the Orascom Development sales number: +201118183030 for a comprehensive real estate consultation and on-the-ground unit viewings.
