Orascom Development entered into usufruct agreement with the Egyptian Government in 2005 to develop Amoun Island. The island is situated off the main Nile river bank in Aswan and has a total project area of 22,000 m2. The destination plan presents an exclusive luxury boutique-style hotel to be operated by Cheval Blanc (Group LVMH), accommodating 38 luxurious suites with lounge areas private pools, an exquisite-cuisine restaurant, lounge bar, wine cellar, private library and six star service.