Orascom Developments is one of the most recognized names in integrated town and destination development in Egypt and the region. The brand is associated with Orascom Development Holding, whose integrated destination development track record dates back to 1989, with a model built around residential communities, hotels, infrastructure, leisure facilities and everyday services.
In Egypt, Orascom Development Egypt is the group’s largest subsidiary and is listed on the Egyptian Exchange under the ticker ORHD.CA. Its Egyptian portfolio includes El Gouna, O West, Makadi Heights, Taba Heights and Byoum. No verified public cumulative total is available for delivered units, so this profile does not use a delivered-units figure.
Founding and Company Background
Orascom’s real estate development story is closely tied to the concept of building complete destinations rather than standalone compounds. This approach is most visible in El Gouna on the Red Sea, one of Egypt’s best-known examples of a master-planned coastal town with residential districts, hotels, marinas, retail zones and long-term community services.
Through Orascom Development Holding, the group expanded beyond Egypt into markets across Europe, the Middle East and North Africa. In Egypt, Orascom Development Egypt is the main local platform. According to its published financial release, ODE owns a land bank of more than 50 million square meters in Egypt, with nearly 28% developed or under development, and operates a hospitality portfolio of 24 premium and luxury hotels with more than 4,900 rooms.
Key Projects by Orascom Developments
Orascom’s Egyptian portfolio includes several destinations that combine residential development, hospitality and daily services:
- El Gouna: the group’s flagship Red Sea town, including residential neighborhoods, hotels, marinas, retail areas and community services.
- O West: an integrated town in West Cairo’s 6th of October area and one of the company’s major modern residential projects.
- Makadi Heights: a Red Sea residential and resort destination serving buyers seeking coastal living and integrated amenities.
- Taba Heights: a tourism destination in South Sinai with hotel and leisure assets.
- Byoum: a Fayoum destination focused on nature, quiet living and leisure experiences.
Orascom’s projects differ from traditional real estate developments because the company develops infrastructure, manages hospitality assets, operates commercial areas and supports long-term community services. Its business model is closer to town development and destination management than unit sales alone.
Orascom Developments in Numbers
| Integrated development track record | Since 1989 |
| Main Egyptian platform | Orascom Development Egypt |
| Stock listing | Listed on the Egyptian Exchange under ORHD.CA |
| Egypt land bank | More than 50 million sqm according to company disclosures |
| Egypt hotel portfolio | 24 hotels with more than 4,900 rooms |
| FY 2024 real estate sales | EGP 32.5 billion |
| FY 2025 net profit | EGP 5.37 billion consolidated net profit after tax |
| Delivered units | No verified public cumulative total is available |
Although no cumulative delivered-unit total is publicly verified, the company’s FY 2024 release shows the scale of annual activity: 371 units were delivered in El Gouna, 1,015 units in O West and 500 units in Makadi Heights during 2024. These are annual delivery figures, not a historical company-wide total.
Vision and Development Focus
Orascom’s model is based on creating integrated destinations rather than only residential buildings. This includes master planning, infrastructure, hotels, commercial assets, leisure amenities and long-term community management.
The company’s revenue mix also reflects this strategy. Orascom Development Egypt generates revenue from real estate, hotels, commercial assets and land monetization, giving it a more diversified business model than developers that rely only on residential sales. The broader presence of Orascom Development Holding across international markets further strengthens the group’s positioning as a destination developer with cross-market experience.
Recent Updates
In March 2026, published FY 2025 results showed that Orascom Development Egypt recorded EGP 5.37 billion in consolidated net profit after tax for 2025, compared with EGP 3.44 billion in 2024. Consolidated revenues increased to EGP 24.94 billion in 2025.
Operationally, the 9M 2025 results showed that El Gouna continued to lead new real estate sales, followed by O West and Makadi Heights. The company also reported progress on El Gouna deliveries and planned the launch of La Maison Bleue Residences, while O West continued developing with the partial opening of phase one of O West Club and more than 5,150 club members during the first half of 2025.
FAQ About Orascom Developments
When did Orascom Developments start?
Orascom Development’s integrated destination development track record dates back to 1989, while Orascom Development Egypt operates as the group’s listed Egyptian platform.
What are Orascom’s main projects in Egypt?
The company’s key Egyptian destinations include El Gouna, O West, Makadi Heights, Taba Heights and Byoum.
How many units has Orascom delivered?
No verified public cumulative delivered-unit total is available. The company does publish annual delivery figures for certain destinations, such as its 2024 deliveries in El Gouna, O West and Makadi Heights.
Is Orascom Development Egypt publicly listed?
Yes. Orascom Development Egypt is listed on the Egyptian Exchange under the ticker ORHD.CA.
What makes Orascom Developments different?
Orascom is known for integrated towns and destinations that combine real estate, hotels, commercial assets, infrastructure and long-term community services.