Orascom Development Egypt

Developer History (The Legacy): With a legacy spanning over 35 years (since 1989), Orascom Development Egypt (ODE) started with a visionary goal to transform a desert landscape on the Red Sea coast into the world-class town of "El Gouna." A subsidiary of Orascom Development Holding (ODH), which operates in 7 countries, ODE is now a leader in "Integrated Town Management." They specialize in building self-sufficient communities that include hotels, schools, hospitals, and sports centers, moving beyond traditional real estate development. Sustainability Strategy: Orascom adopts the "Life with Purpose" initiative, a global sustainability strategy focused on ESG (Environmental, Social, and Governance) pillars. They are the first developer in Egypt and the region to implement a comprehensive waste management system in El Gouna, achieving an 85% recycling rate. Furthermore, over 20% of their towns' power is generated by solar energy, and they utilize treated wastewater entirely for landscape irrigation. Key Projects & Sustainable Flagship: - The Sustainable Flagship (El Gouna): It was awarded the UN-supported "Global Green City" award and hosts 18 hotels certified with international sustainability labels like the "Green Star Hotel." - O West (6th of October): Designed with smart standards that provide vast green landscapes and extensive cycling paths to promote a low-carbon lifestyle by reducing car dependency. - Makadi Heights (Hurghada): Focuses on resource efficiency and providing an integrated living environment that respects the regional biodiversity.

About

Orascom Development Egypt is part of Orascom Development Holding, specializing in creating fully integrated destinations. The company focuses on sustainable development practices, particularly in resort and tourism projects that respect and enhance natural environments.