Orascom Developments

Orascom Development Egypt (ODE) is an integrated developer of resort towns in Egypt, with a vertically-integrated business model involving the development of residential units, hotels, and recreational facilities such as golf courses, town centers, and marinas, in addition to supporting infrastructure, such as hospitals, schools, and utilities. ODE currently owns a land bank of 49.9 million square meter and 24 hotels with a total of 4,918 rooms within four operating destinations. El Gouna, on the Egyptian Red Sea Coast in Hurghada, Taba Heights, on the Sinai Peninsula, Makadi Heights in Hurghada and Byoum in Fayoum. Orascom Development Egypt (ODE) is the largest subsidiary of Orascom Development Holding (ODH). ODH is a leading developer of fully integrated destinations with a diverse portfolio of worldwide destinations covering Egypt, the United Arab Emirates (UAE), Oman, Morocco, Montenegro, Switzerland and the United Kingdom. The group operates a total of 33 hotels with 7,113 rooms and controls approximately 104.4 million sqm of land. ODE is listed on the Egyptian Stock Exchange (EGX) with 1,108,307,375 outstanding shares where Orascom Development Holding (ODH) owns 76.59%