Orascom Development Egypt

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.

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

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

• Integrated town development
• Master-planned communities
• Residential real estate
• Luxury resort hospitality
• Hospitality hotel management

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and major.

• AccorcoreStrategic or Co-development Partner · 31 March 2026ODE 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.
• RotanamajorChannel Partner/ Reseller/ DistributorODE operates hotels under Rotana franchise agreements as part of its international hospitality brand portfolio.
• SteigenbergermajorChannel Partner/ Reseller/ DistributorODE operates hotels under Steigenberger franchise agreements as part of its international hospitality brand portfolio.
• Sheraton (Marriott International)majorChannel Partner/ Reseller/ DistributorODE operates hotels under Sheraton/Marriott franchise agreements, including Sheraton Miramar El Gouna.
• Mövenpick (Accor)majorChannel Partner/ Reseller/ DistributorODE 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.
• RadissonmajorChannel Partner/ Reseller/ DistributorODE operates hotels under Radisson franchise agreements as part of its international hospitality brand portfolio.
• ChedimajorChannel Partner/ Reseller/ DistributorODE 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

Direct 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

• Xtwitter.com/orascomdevelop
• Facebookfacebook.com/OrascomDevelopment
• LinkedInlinkedin.com/company/orascom-development-holding
• Instagraminstagram.com/orascomdevelopment/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orascom Development Egypt