Egypt’s real estate market has been experiencing remarkable growth, spurred by demand for sustainable, modern communities and increased foreign investment. With Egypt’s growing population and urbanization, the need for high-quality residential and commercial developments has surged. The government’s ambitious plans, including the New Administrative Capital and various mega-projects, transform Egypt’s real estate landscape.
Among the key players in this thriving market is Orascom Developments, a pioneering company with a unique approach to real estate. Known for developing integrated towns offering residential, leisure, and commercial spaces, Orascom Developments has significantly impacted Egypt and internationally, with successful projects in Oman, Montenegro, Switzerland, and the UK.
Overview
Orascom Developments has carved a niche in creating self-sustained, integrated communities. Their developments combine luxury, sustainability, and modern infrastructure to offer unique lifestyles within Egypt and abroad. Focused on creating holistic living spaces, their projects encompass residential areas, hotels, schools, hospitals, marinas, and various leisure facilities, attracting residents and tourists alike.
Background
Founded by Samih Sawiris, Orascom Developments is rooted in the vision of building communities that enrich lives by bringing together residential, commercial, and entertainment aspects in one place. The company began its journey in the 1980s with El Gouna in Hurghada, a groundbreaking project that exemplified the concept of a complete community. Over the years, Orascom has expanded globally, building an impressive portfolio of integrated destinations.
Orascom Developments’ Mission
Orascom Developments is committed to creating sustainable, full-fledged communities that combine luxurious living with environmental responsibility. Their mission is to offer spaces that foster well-being and support diverse lifestyles, setting a high standard for integrated town development worldwide.
Orascom Developments’ Vision
Orascom Developments envisions becoming the premier global developer of sustainable, integrated communities. They focus on expanding their reach internationally, promoting innovative real estate solutions that transform everyday living and redefine community living standards.
Orascom Developments’ Values
The core values of Orascom Developments guide every aspect of their work:
Sustainability:
Prioritizing eco-friendly construction and sustainable practices.
Excellence:
Delivering top-quality developments that meet the highest standards.
Community:
Fostering vibrant, inclusive communities that cater to diverse needs.
Innovation:
Embracing new technologies and trends in real estate.
Integrity:
Building trust with stakeholders through transparent and ethical practices.
Projects by Orascom Developments
Orascom Developments boasts an impressive array of projects to provide residents and visitors with a unique, enriching experience. Below are some of their flagship developments across Egypt and internationally:
El Gouna, Hurghada, Egypt
El Gouna is Orascom’s flagship project and Egypt’s premier seaside town along the Red Sea. Renowned for its picturesque lagoons, El Gouna offers a unique mix of luxury hotels, residential villas, apartments, and top-notch amenities such as a golf course, marinas, and international schools. El Gouna is a popular destination for locals and tourists, known for its vibrant nightlife, cultural events, and water sports.
Makadi Heights, Hurghada, Egypt
Located in the heart of Hurghada, Makadi Heights is designed as an exclusive, family-friendly community. With a stunning view of the Red Sea and extensive green spaces, this project offers residential units, recreational facilities, and commercial outlets. Makadi Heights is ideal for those seeking a tranquil, luxurious lifestyle with easy access to Hurghada’s amenities.
O West, West Cairo, Egypt
O West represents Orascom’s vision of integrated town living in Cairo. This sprawling development combines residential, commercial, and leisure spaces with educational facilities, medical centers, and sports clubs. It is designed to be Cairo’s first-of-its-kind self-sufficient town, offering residents a high-quality lifestyle near Egypt’s bustling capital.
Taba Heights, Sinai Peninsula, Egypt
Located on the shores of the Gulf of Aqaba, Taba Heights is a resort destination that showcases the beauty of the Sinai Peninsula. The project includes luxurious hotels, residential units, a golf course, and a marina. Taba Heights is a popular destination for international tourists, known for its diving spots, stunning mountain views, and serene beaches.
Byoum, El Fayoum, Egypt
Byoum is a unique resort destination located by Lake Qarun in El Fayoum, Egypt. Known for its scenic landscapes, Byoum offers a tranquil retreat from the city, focusing on relaxation and eco-tourism. The project includes residential villas, a boutique hotel, and various outdoor activities, making it an ideal getaway for nature lovers.
Hawana Salalah, Oman
Hawana Salalah is Orascom’s most prominent integrated destination in Oman, along the scenic coastline of Salalah. The development includes luxury hotels, residences, and a marina, with diverse recreational facilities and dining options. This destination is celebrated for its pristine beaches and unique blend of modern and traditional Omani culture.
Jebel Sifah, Oman
Jebel Sifah is an exclusive seaside resort community on Oman’s northeastern coast. The project includes hotels, villas, apartments, a marina, a golf course, and retail outlets. Jebel Sifah blends modern luxury with Omani heritage, providing a unique experience for residents and tourists.
Luštica Bay, Montenegro
Luštica Bay is an integrated community located on Montenegro’s Adriatic coastline. The project includes residential units, luxury hotels, a marina, a golf course, and recreational facilities. Luštica Bay captures the charm of Montenegro’s natural landscape, combining it with high-end amenities to create an exclusive Mediterranean lifestyle.
Andermatt, Switzerland
Andermatt is a premier mountain resort in Switzerland developed by Orascom, known for its year-round appeal. The project includes hotels, chalets, and apartments, with skiing facilities, a golf course, and wellness centers. Andermatt has become one of Switzerland’s top resort destinations, attracting winter sports enthusiasts and nature lovers.
West Carclaze Garden Village, UK
West Carclaze Garden Village in the UK is an eco-friendly community focused on sustainable living. The project includes energy-efficient homes, green spaces, and community facilities. With an emphasis on environmental conservation, West Carclaze is designed to provide a high-quality lifestyle while minimizing its ecological footprint.
Frequently Asked Questions
What distinguishes Orascom Developments from other real estate companies?
Orascom Developments focuses on creating fully integrated towns that combine residential, commercial, and leisure components. Their projects are designed to be self-sustained communities that provide everything residents need within one area.
Where are Orascom’s main projects located?
Orascom Developments has projects across Egypt, including El Gouna, Makadi Heights, O West, Taba Heights, and Byoum, as well as international locations in Oman, Montenegro, Switzerland, and the United Kingdom.
Does Orascom Developments prioritize sustainability in their projects?
Yes, sustainability is a core value at Orascom Developments. They incorporate eco-friendly materials, energy-efficient designs, and green spaces to reduce environmental impact. Projects like West Carclaze Garden Village are specifically focused on sustainable living.
Are there payment plans available for Orascom properties?
Yes, Orascom Developments offers flexible payment plans to accommodate a range of clients. The specific terms vary by project, so interested buyers should consult Orascom’s sales team for detailed information.
Does Orascom Developments offer vacation rental options within its resort destinations?
Several Orascom Developments locations, particularly El Gouna, Hawana Salalah, and Luštica Bay, offer vacation rentals through hotel services, catering to tourists looking for short-term stays in these beautiful destinations.
How does Orascom ensure the security of its communities?
Orascom Developments prioritizes safety, employing advanced security systems, gated entries, and 24/7 surveillance in all of its developments to create secure environments for residents and visitors.
Orascom Developments is a trailblazer in the real estate industry, redefining modern living through its unique approach to integrated town development. By creating self-sustained communities with world-class amenities, Orascom Developments has set a new standard for residential, commercial, and tourism destinations. With projects across Egypt, the Middle East, Europe, and the UK, Orascom Developments has proven its commitment to excellence, sustainability, and innovation. Whether the scenic El Gouna, the exclusive O West, or the sustainable West Carclaze Garden Village, Orascom offers unparalleled living experiences that cater to diverse lifestyles and preferences. In a rapidly growing real estate market, Orascom Developments remains a visionary leader, continuously expanding its reach and impacting communities worldwide.
