Orascom Development acquires land banks in undeveloped areas at nominal cost and adds substantial value by building residential real estate and all other facilities in stages.

The primary focus of our business is to develop integrated towns. Each town hosts a wide range of properties, ranging from one-bedroom apartments to private villas on man made islands. In El Gouna, Orascom Development flagship town, the value of real estate properties appreciated by a staggering CAGR of 29% over the past seven years.

To ensure the quality of offerings within its towns, Orascom Development retains ownership of all commercial properties, generating a steady yet growing stream of annual cash flows.

At Orascom Development we rely on our own construction capacity to deliver high quality developments up to international standards. From desalination plants and paved roads to the highest specification luxury property, construction projects cover all facets of Orascom Development business regardless of the location. From our own brick factory at Taba Heights, to the construction of employee housing in El Gouna, our construction team is dynamic and finely tuned to match the quality of our services and amenities.

We also successfully entered the budget housing market in Egypt with well established partners in recent years. We believe that this market offers high growth potential.

The operating cycle of real estate construction starts when the group enters into agreements to sell the real estate off plan and the buyer has the right to adjust the interior architecture. Revenues are recognized when units are delivered to buyers either as fully completed units or as constructed but unfinished.