El Gouna Orascom Development.

What El Gouna Orascom Development. does

Orascom Development Holding AG (ODH) is an internationally diversified real estate developer founded in 1989 by Naguib Sawiris, specializing in large-scale, master-planned integrated communities that combine residential property, hospitality, commercial space, and leisure amenities within single destinations. The company operates nine active destinations across six jurisdictions — El Gouna, O West, Makadi Heights, Taba Heights, and Byoum in Egypt; Jebel Sifah and Hawana Salalah in Oman; Luštica Bay in Montenegro; Andermatt Swiss Alps in Switzerland; and West Carclaze Garden Village in the UK — over a land bank exceeding 100 million square meters, of which roughly 25.9 million square meters are completed and an additional 17.4 million square meters are either under construction or in development. Its flagship destination, El Gouna on Egypt's Red Sea coast, has been in operation for more than 35 years and is the only destination in Egypt licensed to sell properties in U.S. dollars, which is a regulatory feature that has positioned it as a preferred vehicle for international, particularly UAE-based, property buyers.

The company's revenue is generated across four streams: real estate sales of residential units (CHF 514.7 million in FY 2025), hotel operations managed through its wholly owned subsidiary Orascom Hotels Management or OHM, which runs 34 premium and luxury hotels with 7,200+ rooms under franchise brands including Rotana, Steigenberger, Sheraton, Mövenpick, Radisson, and The Chedi (CHF 173.5 million in FY 2025, up 14.0%), commercial assets such as retail, restaurants, and conference facilities across the destinations, and selective land sales for monetization. In FY 2025 the company reported consolidated revenue of CHF 641.4 million (+1.7% YoY) with adjusted EBITDA of CHF 180.6 million at a 28.2% margin; recurring income from hotels and commercial assets grew 15.1% to CHF 265.9 million, reflecting a deliberate strategic mix-shift toward higher-quality, less cyclical revenue streams. Distribution is conducted through destination-based direct sales teams, an International Sales Office in Dubai targeting overseas investors, and global hotel franchise channels that feed global reservation and loyalty systems.

Orascom Development was publicly listed on the SIX Swiss Exchange under ticker ODHN.SW until June 5, 2025, when it was delisted following a voluntary public tender offer by LPSO Holding Ltd. that acquired 97.52% of shares. The company is now privately held under controlling-shareholder ownership, with Naguib Sawiris continuing as Chairman of the Board and Omar El Hamamsy as Group CEO; subsidiary CEOs (Mohamed Amer for El Gouna, Hazem Helal for O West/Makadi Heights/Byoum, Raphael Krucker for Andermatt/Luštica Bay, Stuart Leven for OHM) oversee day-to-day destination operations. Sustainability credentials across the portfolio include Green Star Hotel Certificates, EarthCheck Silver, Green Key, the UNESCO Sustainable Travel Pledge, and active participation in the UN Global Compact.

Name

El Gouna Orascom Development.

Legal name

Orascom Development Holding AG

Website

https://orascomdh.com

Company type

Public

Founded year

1989

Operating status

Operating

Short description

Orascom Development Holding AG is a Swiss-domiciled, privately held master-planned community developer operating nine integrated destinations across Egypt, Oman, Montenegro, Switzerland, and the UK, serving international high-net-worth property buyers and leisure travelers through residential sales, 34 franchised hotels, and commercial assets.

Ownership category

akta.pro rank

Product category

Master-planned Real Estate Development

NAICS

Marinas (71393), Golf Courses and Country Clubs (713910)

SIC

Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Beachfront & Island Luxury Resorts (THAGACAA)

akta.pro secondary industries

Beachfront & Lakefront Homes (THAMAAAF), Luxury Villas & Residences Resorts (THAGACAM), Marina & Waterfront Full-Service Hotels (THAGAAAK)

Keywords

• Integrated community development
• Master-planned residential destinations
• Luxury property sales
• Hospitality and leisure operations
• Commercial real estate leasing

Headquarters

HQ city

Altdorf

HQ country

Switzerland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Sales: Sale of residential properties including villas, apartments, townhouses across destinations in Egypt, Oman, Montenegro, Switzerland, and UK. El Gouna achieved CHF 247.9 million in real estate sales (FY 2024); O West CHF 250.6 million; Makadi Heights CHF 148.7 million; Luštica Bay CHF 107.9 million; Jebel Sifah CHF 20.1 million. Revenue recognition model where deferred revenue balance reached CHF 882 million by FY 2024.
2. Hotels & Hospitality: Revenue from 34 premium and luxury hotels (7,200+ rooms) operated through Orascom Hotels Management (OHM) with strategic franchise partners including Rotana, Steigenberger, Sheraton, Movenpick, Radisson, and The Chedi. Group hotel revenues reached CHF 152.2 million in FY 2024 (up 4.1%), with an Adj. EBITDA margin of 36%. Egypt hotel revenues reached CHF 87.3 million (record high).
3. Commercial Assets: Revenue from retail outlets, restaurants, cafes, conference centers, and commercial leasing across all destinations. Commercial assets segment revenue reached CHF 78.8 million in FY 2024 (up 10.1%), with Adj. EBITDA of CHF 16.8 million (margin of 21.3%). El Gouna commercial revenues alone reached CHF 55.9 million.
4. Land Sales: Land monetization through strategic land sales. El Gouna generated CHF 32.7 million in land revenues in FY 2024 (up 184.3%). Two significant land sales in Q4 2024 generated approximately CHF 40 million. Group land revenues reached CHF 44.0 million (up 282.6%).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

Develops, sells, and operates master-planned integrated destinations combining residential real estate (villas, apartments, townhouses), hotels, commercial outlets, golf courses, marinas, and leisure amenities. El Gouna, on Egypt's Red Sea, is the flagship 10 km shoreline destination with three marinas, two championship golf courses, and over 100 restaurants and cafes. Revenue is generated through real estate sales, hotel operations via Orascom Hotels Management (OHM), commercial leasing, and land sales.

Product overview

Orascom Development Holding is a leading international real estate developer specializing in vibrant, integrated communities across Europe, the Middle East, and North Africa. The company's portfolio consists of master-planned destinations including El Gouna, O West, Jebel Sifah, Andermatt Swiss Alps, Luštica Bay, and Hawana Salalah. These integrated towns combine residential areas with private villas and apartments, hotels, and leisure amenities including golf courses, marinas, sports facilities, retail shops, and restaurants. The company also operates Orascom Hotels Management (OHM), a wholly owned subsidiary managing 34 premium and luxury hotels under brands including Rotana, Steigenberger, Sheraton, Movenpick, Radisson, and Chedi. The company owns a land bank of over 100 million square meters across seven jurisdictions.

Differentiator

Problem solved

Functional benefit

Brands

• Keys of Life: Research initiative exploring trends in community living, wellness, and sustainable development. Includes editions: Redefining Community, Developing the Future, and Belonging by Design.
• Orascom Hotels Management (OHM)

Products and services

• El Gouna Flagship coastal destination on Egypt's Red Sea spanning 10 km of shoreline, featuring residential properties, three marinas, two championship golf courses, hotels, and over 100 restaurants and cafes. The only destination in Egypt licensed to sell properties in US dollars.
• O West Integrated neighbourhood in West Cairo, Egypt, modelled after El Gouna, offering residential units, shops, restaurants, schools, and sports clubs within a master-planned community.
• Jebel Sifah Resort destination in Oman located one hour from Muscat, featuring miles of sandy beaches, a coastline golf course, marina, restaurants, shops, water sports, and residential properties including tax-free freehold apartments and villas.
• Andermatt Swiss Alps Sustainable, year-round mountain destination in the Swiss Alps featuring world-class hotels, residential units, ski slopes, an 18-hole golf course, world-class spa, and Michelin star dining.
• Luštica Bay Destination on the Luštica Peninsula in Montenegro featuring neighbourhoods, secluded beaches, a marina village, residential units, and sports facilities.
• Hawana Salalah Oman's largest integrated tourism complex on the southeastern coast of the Arabian Peninsula, featuring white sandy beaches, hotels, Hawana Aqua Park, and residential properties.
• Orascom Hotels Management (OHM) Wholly owned subsidiary operating 34 premium and luxury hotels with more than 7,200 rooms across Europe, the Middle East, and North Africa, leveraging global franchise partners including Rotana, Steigenberger, Sheraton, Mövenpick, Radisson, and The Chedi.

Quantifiable outcome

• Adj. EBITDA margin of 28.2% in FY 2025, up from 26.9% in FY 2023, demonstrating sustained profitability improvement across the integrated business model.
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Rotana Hotel ManagementcoreChannel Partner/ Reseller/ DistributorRotana operates premium hotels within Orascom Development destinations across Egypt and Oman. Salalah Rotana Resort is a flagship property within Hawana Salalah. Rotana leverages its regional and global distribution network, loyalty program (Rotana Rewards), and brand recognition to attract guests to Orascom destinations.
• Steigenberger Hotels & ResortscoreChannel Partner/ Reseller/ DistributorSteigenberger operates hotels within the Orascom Development portfolio, bringing European hospitality standards and global distribution to destinations including Egypt.
• Sheraton Hotels & Resorts (Marriott International)coreChannel Partner/ Reseller/ DistributorSheraton brand operates within Orascom destinations, utilizing Marriott International's global reservation platform, Bonvoy loyalty program, and worldwide marketing reach.
• Mövenpick Hotels & ResortscoreChannel Partner/ Reseller/ DistributorMövenpick operates Mövenpick Resort & Spa El Gouna, offering premium hospitality with Mövenpick's signature food and beverage concepts and global distribution network.
• Radisson Hotel GroupcoreChannel Partner/ Reseller/ DistributorRadisson Blu Hotel Reussen operates within Andermatt Swiss Alps destination. Radisson leverages its global brand platform, Radisson Rewards loyalty program, and international marketing to drive guest traffic to the Swiss Alps destination.
• GHM (General Hotel Management) - The ChedicoreChannel Partner/ Reseller/ DistributorThe Chedi is GHM's ultra-high-end luxury brand operated at both Andermatt Swiss Alps and Luštica Bay Montenegro. The Chedi Andermatt is an award-winning five-star hotel; The Chedi Luštica Bay serves the premium Adriatic coast market.
• YouGovminorStrategic or Co-development PartnerGlobal market research and data analytics firm that collaborated with Orascom Development on the Keys of Life research initiative, conducting surveys across 3,600+ respondents in Switzerland, UK, Egypt, UAE, and the US to explore trends in community living and placemaking.
• United Nations Global CompactminorStrategic or Co-development PartnerLuštica Bay is an active participant in the UN Global Compact, committing to sustainable business practices aligned with UN principles on human rights, labor, environment, and anti-corruption.
• EarthCheckminorStrategic or Co-development PartnerScientific benchmarking and certification agency that awarded The Chedi Luštica Bay an EarthCheck Silver Certificate, assessing environmental and social performance against global sustainable tourism benchmarks.
• Zero Waste MontenegrominorStrategic or Co-development PartnerEnvironmental organization that awarded Luštica Bay 'On the Road' status recognizing progress in waste reduction and sustainable operations.
• Sustainable Travel InternationalminorStrategic or Co-development PartnerOrganization behind the Green Star Hotel Certificate program that certified multiple El Gouna hotels for sustainable tourism practices.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• DAMAC Properties: Dubai-listed luxury real estate developer of branded residences, master-planned communities, and hospitality assets. Comparable in MENA luxury positioning, international buyer reliance, and partnership-based hotel model (e.g., DAMAC Maison, Paramount Hotels).
• Aldar Properties: Abu Dhabi-based real estate developer of integrated communities (Yas Island, Saadiyat, Al Raha) combining residential, hotel, retail, and leisure assets. Closely comparable business model of master-planned destinations with recurring hospitality and commercial income alongside transactional property sales.
• Red Sea Global: Saudi-backed developer of luxury regenerative tourism destinations on the Red Sea coast. Direct competitor in the Red Sea luxury tourism space with similar master-planned destination approach and ultra-luxury hotel partnerships.
• Meraas: Dubai Holding-owned developer of integrated destinations (Bluewaters, La Mer, City Walk) combining residential, retail, hospitality, and leisure. Comparable integrated lifestyle destination strategy targeting both residents and international tourists.
• Majid Al Futtaim: UAE-based developer of integrated lifestyle destinations combining malls (Mall of the Emirates), hotels, residential communities, and leisure assets. Highly comparable integrated destination model with strong recurring income from commercial and hospitality operations.
• Emaar Properties: Dubai-based master developer of large-scale integrated communities (Downtown Dubai, Dubai Marina, Emaar Beachfront) combining residential, hospitality, retail, and leisure. Directly comparable to Orascom's El Gouna-style integrated destination model, with similar reliance on international property buyers and global hotel brand partnerships.

Broad incumbents

• Aman Resorts: Global ultra-luxury hospitality brand operating integrated resort residences in destinations worldwide. Comparable ultra-luxury positioning and partnership model (similar to The Chedi at ODH destinations), though Aman operates hotels without the broader master-planned community development scope.
• Mandarin Oriental Hotel Group: Global luxury hotel operator with resort properties in premier destinations. Comparable as a luxury hotel operator partner/competitor for the integrated destination hospitality segment, though Mandarin Oriental focuses on hotel operations rather than master-planned community development.

Emerging players

• NEOM: Saudi Arabia-backed mega-project developer building integrated future cities including The Line, Sindalah, and Trojena. Comparable as a large-scale master-planned destination developer with significant luxury hospitality and residential components, though at a different scale and stage.

Regional players

• Porto Montenegro (Adriatic Marinas): Luxury marina-integrated resort in Montenegro's Adriatic coast offering residential properties, hotels, and yacht berthing. Directly comparable to Luštica Bay in the same Montenegrin market with similar marina village concept and ultra-luxury positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/ELGOUNAofficial
• Facebookfacebook.com/elgouna.official.fanpage
• LinkedInlinkedin.com/company/about
• Instagraminstagram.com/orascomdevelopment/?hl=en

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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 El Gouna Orascom Development.