Real Estate - , Red Sea Governorate, Egypt
Orascom Development Holding (ODH), the Group holding company headquartered in Switzerland, is a leading developer of fully integrated destinations; featuring hotels, private villas and apartment compounds, leisure facilities, outdoor offerings such as golf courses and marinas and all necessary infrastructures. Over several decades ODH has developed many global destinations. The company's diversified portfolio of destinations is spread over seven jurisdictions; Egypt, Switzerland, Montenegro, Oman, UAE, United Kingdom and Morocco.The Group currently operates ten destinations; five in Egypt (El Gouna, Taba Heights, Byoum, Makadi Heights and Harram City), The Cove in the United Arab Emirates, Jebel Sifah and Hawana Salalah in Oman, Luštica Bay in Montenegro and Andermatt in Switzerland. Orascom Development is listed in the SIX Swiss Exchange. ODH currently owns a land bank of 100.2 million sqm and 32 hotels with a total number of 6,756 rooms.Orascom Development Egypt (ODE) a subsidiary of ODH is an integrated developer of resort towns in Egypt. ODE currently owns a land bank of 45.7 million sqm distributed over four Destinations; El Gouna on the Red Sea Coast, Taba Heights in the Sinai Peninsula and Makadi Heights in the Red Sea district, and Byoum in Al Fayoum.El Gouna had started as one man's search to find the most beautiful spot on the seaside to build a house and small boat jetty.Twenty five years ago Samih Sawiris, chairman of Orascom Development, El Gouna's parent company, found that beautiful spot, conveniently located just north of Hurghada on the west coast of the Red Sea. It wasn't long before Sawiris' friends, struck by the splendor of the azure waters and dramatic backdrop of mountains, asked to join him, and the town slowly blossomed into the vibrant community that it is today.
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