O Orascom Development

Over the course of 20 years, Orascom Development has established itself as a leader in the development of fully integrated towns. Our towns are developed with state of the art leisure facilities including A-class golf courses, international standard marinas as well as all supporting infrastructure. The Swiss based company owned by Mr. Samih Sawiris, has a strong foothold in Egypt and the Middle East and has several projects in development phase in Egypt, Morocco, Oman, Switzerland, Jordan, Montenegro and the United Kingdom. The Group offers expertise in hotels, private villas, apartments, leisure facilities and supporting infrastructure. The Group has secured large tracts of land in untapped, yet attractive locations with significant potential. Our proven business model is expected to yield further opportunities in the short and long-term. Orascom Development boasts an attractive portfolio of towns with a total land bank of 118 million msq with 26 operating hotels and 6,516 hotel rooms. This corporation maintains a workforce of approximately 17,119 employees. In total, the group directly manages 4 fully integrated operating towns: El Gouna, Red Sea, Taba Heights, Sinai, and Haram City, 6th of October, all based in Egypt; in addition to The Cove, Ras Al Khaimah in the United Arab Emirates.