14 June 2017

Orascom Development Holding AG (Orascom Development) is a leading developer of fully- integrated towns. The Group currently manages six operating destinations including El Gouna, the flagship project on the Red Sea Coast in Egypt. American Michael Graves, the winner of many of the world’s architectural highest ranking awards, designed several of El Gouna’s hotels, as well as the Golf Club, and Golf Villas. The earth tones and sea color splashes, which characterize these projects, helped to set the tone of the resort. Italian architect, Alfredo Freda, designed El Gouna’s attractive Marina, the first of its kind on the Red Sea, as well as the popular and exclusive Tuscany style Hill Villas. Shahab Mazhar, a prominent Egyptian architect, was inspired by Mediterranean influences in his creation of the beachfront White Villas.  The beautiful Nubian Villas are the work of the award winning architects Ramy El-Dahan and Ahmad Hamdy, who also hail from Egypt.

The Group has eight destinations under development including Amoun Island, Fayoum, Makadi and Qena Gardens in Egypt It operates a total of 25 hotels with 5,955 rooms and controls a land bank of approximately 45.9 million square meters, out of which 26.6 million square meters are still undeveloped. The group’s net sales in FY15 significantly increased by 72.9% to reach EGP 588.2 million compared to EGP 340.1 million in FY14.

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