Orascom Development Egypt
Orascom Development Egypt (EGX: ODE) is an Egyptian real estate developer of five master-planned integrated destinations — El Gouna, Makadi Heights, O West, Taba Heights, and Byoum — selling residences to individual buyers and operating 24 hotels with ~5,000 rooms via OHM and international franchise partners.
- Company typePublic
- Founded1995
- HeadquartersCairo, Egypt
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What Orascom Development Egypt does
Orascom Development Egypt (ODE) is a publicly listed Egyptian real estate developer (EGX: ODE) and the largest operating subsidiary of Swiss-listed Orascom Development Holding AG, which owns 75% of the share count. Founded in 1995 and building on the 1989 launch of El Gouna, ODE develops master-planned integrated towns that combine residential real estate, hospitality, retail, leisure, and infrastructure into self-sustaining communities across five Egyptian destinations: El Gouna (Red Sea flagship, 37 mn sqm), Makadi Heights (Red Sea), O West (West Cairo, 6th of October City), Taba Heights (Sinai), and Byoum (Al Fayoum). Its land bank exceeds 51 million square meters, of which more than 60% is developed or under development.
ODE generates revenue through three main streams: (1) one-time residential property sales of villas, townhouses, apartments, and standalone units across its destinations, distributed through direct, destination-level sales teams; (2) recurring hotel operations across 24 premium and luxury properties with approximately 5,000 rooms, managed by its wholly owned subsidiary Orascom Hotels Management (OHM) and franchised under international brands including Accor (Sofitel, Mövenpick), Marriott (Sheraton), Rotana, Steigenberger, Radisson, and Chedi; and (3) recurring town-management services across its integrated communities. Approximately 7,000 employees support operations, primarily within hospitality. ODE is led by CEO Ashraf Nessim, Chairman Eskandar Tooma, and Group Head of Investor Relations Ahmed Abou El Ella, with regional offices in Cairo, Dubai, and Altdorf (Switzerland) supporting international buyers.
Orascom Development Egypt firmographics
Firmographics- Name
- Orascom Development Egypt
- Legal name
- Orascom Development Egypt
- Website
- https://orascomde.com
- Company type
- Public
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Orascom Development Egypt (EGX: ODE) is an Egyptian real estate developer of five master-planned integrated destinations — El Gouna, Makadi Heights, O West, Taba Heights, and Byoum — selling residences to individual buyers and operating 24 hotels with ~5,000 rooms via OHM and international franchise partners.
- Ownership category
- akta.pro rank
Orascom Development Egypt industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011)
- akta.pro primary industry
- Integrated Full-Service Hotel Complexes (Mixed-Use) (THAGAAAL)
- akta.pro secondary industries
- Resort-Area Full-Service Hotels (Non–All-Inclusive) (THAGAAAD), Luxury Villas & Residences Resorts (THAGACAM), Luxury Villa Resorts & Branded Villa Communities (THAMAEAI)
Keywords
Where Orascom Development Egypt is headquartered
LocationHeadquarters
- HQ city
- Cairo
- HQ country
- Egypt
- HQ region
- Africa
Offices4 records
Markets served
Orascom Development Egypt business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Real Estate Development and Sales: ODE generates revenue from selling residential properties including villas, apartments, townhouses, and standalone units across its master-planned communities in Egypt.
- Hotel Operations: ODE owns and operates 24 premium and luxury hotels with approximately 5,000 rooms across Egypt, managed through its subsidiary Orascom Hotels Management (OHM) and international franchise partners.
- Town Management and Services: ODE provides ongoing management services for its integrated towns, including infrastructure, community facilities, and lifestyle amenities.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Orascom Development Egypt product offering
Product offeringCore offering
Orascom Development Egypt (ODE) develops and operates large-scale integrated tourist and residential destinations in Egypt, combining master-planned communities with hotels, infrastructure, and lifestyle amenities. The company manages a portfolio of five destinations — El Gouna, Makadi Heights, O West, Taba Heights, and Byoum — and runs approximately 24 hotels with about 5,000 rooms through its subsidiary Orascom Hotels Management (OHM).
Product overview
Orascom Development Egypt is a leading Egyptian real estate developer specializing in master-planned integrated communities. The company operates a portfolio of five distinct destinations across Egypt: El Gouna (flagship Red Sea coastal community), Makadi Heights (Red Sea resort town), O West (Cairo development), Taba Heights (Sinai resort), and Byoum (Fayoum oasis). In hospitality, the company owns and operates 24 hotels with approximately 5,000 rooms through its wholly owned subsidiary Orascom Hotels Management (OHM), working with international franchise partners including Accor (Sofitel, Mövenpick), Marriott (Sheraton), Rotana, Steigenberger, Radisson, and Chedi. The company has a land bank exceeding 51 million square meters and is listed on the Egyptian Stock Exchange (EGX).
Differentiator
Problem solved
Functional benefit
Brands
- El Gouna: Flagship destination resort community along the Red Sea coast spanning 10 km of shoreline with hotels, residential units, golf courses, marinas, and amenities
- Makadi Heights
- O West
- Taba Heights
- Byoum
- Orascom Hotels Management (OHM)
Products and services
- El Gouna
- Makadi Heights
- O West
- Taba Heights
- Byoum
- Orascom Hotels Management (OHM)
Quantifiable outcome
- USD 155 million loan secured from IFC in October 2024, improving debt profile by extending maturity and lowering credit spreads.
- +1 more outcomes
Companies that use Orascom Development Egypt
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Orascom Development Egypt technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Orascom Development Egypt partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and major.
- AccorcoreODE and Accor signed a management agreement to transform the Mövenpick Resort & Spa El Gouna into Sofitel El Gouna Resort, marking Accor's expansion in Egypt's luxury hospitality segment. The property will undergo phased renovations starting in 2027 and reopen as a luxury flagship property with 420 rooms and suites, multiple dining options, and leisure facilities on a beachfront peninsula.
- RotanamajorODE operates hotels under Rotana franchise agreements as part of its international hospitality brand portfolio.
- SteigenbergermajorODE operates hotels under Steigenberger franchise agreements as part of its international hospitality brand portfolio.
- Sheraton (Marriott International)majorODE operates hotels under Sheraton/Marriott franchise agreements, including Sheraton Miramar El Gouna.
- Mövenpick (Accor)majorODE operated the Mövenpick Resort & Spa El Gouna under a Mövenpick/Accor franchise agreement, which is being rebranded to Sofitel El Gouna under the same Accor partnership.
- RadissonmajorODE operates hotels under Radisson franchise agreements as part of its international hospitality brand portfolio.
- ChedimajorODE operates ultra-high-end luxury hotels under the Chedi brand as part of its premium hospitality portfolio.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Orascom Development Egypt competitors and assessment
Company assessmentDirect peers
- Amer Group: Egyptian resort-focused developer (Porto Marina, Porto Sokhna, Porto Helal) with integrated coastal communities and hotels — a direct competitor in the Red Sea resort-residential segment.
- City Edge: Egyptian real estate developer (JV with NHA and EHC) operating large master-planned projects like New Alamein and New Mansoura on the North Coast — directly competing with ODE for Egyptian coastal residential demand.
- SODIC: Egyptian real estate developer of premium master-planned residential and mixed-use communities (Allegria, Beverly Hills, Eastown) targeting similar upper-middle and expatriate buyers as ODE.
- Palm Hills Developments: Egyptian premium residential developer with multiple master-planned communities and hospitality components, competing for the same mid-to-upper Egyptian and expatriate buyer pool as ODE.
- Madinet Nasr Housing (MNHD): Egyptian-listed real estate developer of large-scale residential and mixed-use communities (Taj City, Sarai) in greater Cairo — a domestic peer competing in the same Egyptian master-planned community space.
- Aldar Properties: Abu Dhabi-listed developer of integrated residential communities and mixed-use destinations, including hospitality assets. Comparable scale and integrated real-estate-plus-hospitality model to ODE.
- DAMAC Properties: UAE-listed luxury real estate developer with branded residences and hospitality partnerships — comparable international luxury-branded residential and resort model, although with a Dubai-centric footprint.
- Talaat Moustafa Group Holding: Egypt's largest private-sector real estate developer, operating large master-planned cities (Madinaty, Al Rehab, Noor City) with hotels and lifestyle amenities — the closest domestic peer to ODE's integrated-town model.
- Emaar Properties: UAE-listed integrated developer of master-planned destinations (Downtown Dubai, Dubai Marina, Emaar Beachfront) with large hospitality operations and global brand partnerships — closely comparable business model to ODE's integrated town concept.
Broad incumbents
- Accor: Global hospitality group and franchise/management partner to ODE across Mövenpick/Sofitel brands. While not a direct real-estate competitor, Accor's strategic priorities, regional pipeline, and brand allocation decisions materially shape ODE's hotel economics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Orascom Development Egypt social profiles
Digital presenceOrascom Development Egypt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Orascom Development Egypt leadership team
Management profileNumber of profiles
Orascom Development Egypt subsidiaries and ownership
Company hierarchySubsidiaries1 record
Orascom Development Egypt funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Orascom Development Egypt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Orascom Development Egypt
What does Orascom Development Egypt do?
Orascom Development Egypt (ODE) develops and operates large-scale integrated tourist and residential destinations in Egypt, combining master-planned communities with hotels, infrastructure, and lifestyle amenities. The company manages a portfolio of five destinations — El Gouna, Makadi Heights, O West, Taba Heights, and Byoum — and runs approximately 24 hotels with about 5,000 rooms through its subsidiary Orascom Hotels Management (OHM).
Is Orascom Development Egypt a public or private company?
Orascom Development Egypt is a public company. It is classified as public and is currently operating.
When was Orascom Development Egypt founded?
Orascom Development Egypt was founded in 1995. It employs 1,001 to 5,000 people.
Where is Orascom Development Egypt based?
Orascom Development Egypt is headquartered in Cairo, Egypt, in the Africa region.
How does Orascom Development Egypt make money?
Three revenue lines are on record. Real Estate Development and Sales are the primary driver. The others are hotel Operations and town Management and Services.
Who are Orascom Development Egypt's main competitors?
Direct peers on record are Amer Group, City Edge, SODIC, Palm Hills Developments, Madinet Nasr Housing (MNHD), Aldar Properties, DAMAC Properties, Talaat Moustafa Group Holding and Emaar Properties. Accor is listed as a broad incumbent.
Does Orascom Development Egypt have an API?
No public API is recorded for Orascom Development Egypt.
What industry is Orascom Development Egypt in?
Orascom Development Egypt's product category is Real Estate Development. Its primary akta.pro industry code is THAGAAAL, Integrated Full-Service Hotel Complexes (Mixed-Use), with a secondary code of THAGAAAD, Resort-Area Full-Service Hotels (Non–All-Inclusive). Its NAICS code is 72111 and its SIC code is 7000.