Orascom Developments

Key Information About Orascom Developments

Orascom Developments reads the real estate market from a different angle. The company does not only sell units; it creates destinations designed to stay active throughout the year. Its story began on the Red Sea in 1989, then expanded into a portfolio covering El Gouna, Makadi, Taba, Fayoum, and 6th of October City, with a clear presence across residential, tourism, and hospitality assets.

The company controls a land bank of more than 50,000,000 square meters, with around 28% of that land already developed or under development. Its scale is not tied to one standalone project. Orascom Developments operates 24 hotels with more than 4,900 rooms in Egypt, alongside residential and leisure destinations serving different customer segments.

What makes Orascom Developments different from many developers is that its value does not stop at the sale. The company links each unit to the surrounding city: schools, hotels, beaches, utilities, services, marinas, and operating zones. This places it closer to a long-term destination developer than a company that only delivers isolated buildings.

Overview of Orascom Developments

Orascom Developments built its practical presence in 1989 around a clear idea: turning quiet Red Sea locations into communities where people could live, work, and spend leisure time. The name became closely associated with Samih Sawiris, before expanding under Orascom Development Egypt, a company listed on the Egyptian Exchange with activity across residential development, hotels, and tourism infrastructure.

History of Orascom Developments and Its Growth

The history of Orascom Developments shows a gradual move from a coastal experiment to a fully managed town model. Since 1995, El Gouna has grown into a stable destination, followed by Makadi Heights, Taba Heights, Byoum Fayoum, and later O West in 6th of October City. In July 2025, Iskandar Toama became the company’s non-executive chairman in Egypt.

Vision and Mission of Orascom Developments

The vision of Orascom Developments is built around turning land into communities with economic, tourism, and lifestyle functions. The company invests in post-development management, which is why hotels, marinas, services, and amenities appear as part of the project value. El Gouna’s success did not come from construction alone, but from operating a full destination for more than 30 years.

• El Gouna received international recognition as a green city supported by the United Nations, strengthening the company’s sustainability profile.
• Iskandar Toama appeared among the most influential real estate leaders for 2026, supported by strong academic and financial experience.
• The company operates 24 hotels in Egypt, giving it an operational edge that most residential developers do not have.

Projects by Orascom Developments

Orascom Developments has more than 18 names across main destinations and sub-phases, distributed between the Red Sea, Fayoum, and the 6th of October corridor.

• El Gouna.
• O West.
• Makadi Heights.
• Taba Heights.
• Byoum Fayoum.
• Cyan El Gouna.
• Town Walk.
• South Marina.
• Aden.
• Dowa.
• Fanadir Bay.
• North Bay.
• Fairways.
• Tuban.
• Shadwan.
• Qamaran.
• The Nines.
• Sial in Makadi.
• O Views.