Orascom Developments: A Guide to Egypt's Real Estate Icon and Its Major Projects

2024-04-26

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Orascom Developments: A Guide to Egypt's Real Estate Icon and Its Major Projects
Orascom Developments stands as a beacon in the real estate world, not just within Egypt but on an international scale. The company specializes in developing residential, commercial, and touristic projects that cater to the needs and aspirations of customers looking for quality and distinction.

Vision and Mission

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The vision of Orascom Developments is to create integrated communities that respect the environment and provide the highest quality of life for its inhabitants. Its mission is to deliver real estate projects that blend innovation with sustainability, focusing on achieving the highest standards of luxury and comfort for its clients.

Origin and Evolution

As part of the Orascom conglomerate, Orascom Developments is one of the leading companies in the real estate development sector in Egypt and internationally. Founded in 1994 by the renowned Egyptian businessman Samih Sawiris, it belongs to the Sawiris family, which has a clear footprint in various economic sectors both in Egypt and worldwide.

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Initially focusing on developing limited residential and touristic projects in Egypt, the company's first major step was the development of El Gouna on the Red Sea coast, which quickly became one of Egypt's most famous tourist destinations. This project demonstrated the company's exceptional ability to create comprehensive communities that combine natural beauty with luxury.

Following the success of El Gouna, Orascom Developments expanded not just within Egypt but also abroad, developing projects in countries including the UAE, Oman, and Switzerland, each reflecting the company's commitment to quality and innovation. This expansion has made Orascom a leader in the global real estate development sector.

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With growing awareness of environmental issues and the importance of sustainability, Orascom has embraced environmental standards in its projects, leading the region in green real estate development. Projects like "Makadi Heights" and "O West" represent a significant shift in the market, combining luxury with sustainability.

In recent years, with technological advancements, Orascom has taken bold steps towards digitization, not just in its internal operations but also in how it interacts with customers. By adopting modern technologies, the company strives to enhance the customer experience and facilitate the buying and ownership process.

Major Projects of Orascom Developments

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Orascom Developments has executed several leading projects in Egypt and abroad, embodying its vision of creating integrated, sustainable communities. Here's a deeper look into some of its most significant projects:

  1. El Gouna, Hurghada: Located on the Red Sea coast, El Gouna is a unique touristic project that includes entertainment, residential, and commercial facilities, with environmental standards considered in all aspects of development.
  2. Makadi Heights, Red Sea: A short distance from Hurghada, Makadi Heights is a comprehensive resort offering a variety of residential units with stunning views of the Red Sea.
  3. Bayoumi, Cairo: A luxurious residential complex in Egypt's capital, Cairo, known for its modern designs and amenities that cater to the practical and social needs of its inhabitants.
  4. O West, 6th of October City: Located in the 6th of October City, west of Cairo, this is one of Orascom's latest projects, blending natural beauty with modern facilities.
  5. Hawara, Fayoum: An integrated agricultural and residential project in Fayoum Governorate, aiming to revitalize the area through sustainable use of natural resources and providing employment opportunities for local communities.
  6. Taba Heights, Taba: Situated in Taba, northeast Sinai, this resort offers stunning views of the Gulf of Aqaba and the Red Sea, combining luxury and tranquility with a variety of sports and leisure activities.
  7. El Gouna's New Expansion, El Gouna: A new expansion within El Gouna itself, adding a collection of luxurious villas and apartments with modern designs and direct views of the seas and artificial lakes, reflecting the concept of modern luxury living.
  8. Oyoun Moussa, Suez: A massive touristic and residential project near the city of Suez on the Red Sea coast, known for its luxurious tourism facilities and diverse recreational opportunities, making it an ideal destination for relaxation and investment.
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Benefits of Owning in Orascom Developments Projects

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Owning in Orascom Developments projects comes with numerous unique advantages, making it an attractive investment for living or investment purposes. Some of these benefits include:

  • Quality of Construction and Design: Orascom is renowned for its high construction quality and unique architectural designs that combine modernity with functionality, ensuring added value for investors and residents.
  • Strategic Locations: Orascom carefully selects its project locations to ensure stunning views, proximity to essential services, and an ideal climate year-round.
  • Integrated Communities: Orascom projects are comprehensive communities offering all necessary services and amenities for daily life, from schools and hospitals to shopping centers and green spaces.
  • Sustainability and Environmental Responsibility: Orascom commits to environmental standards in all development stages, enhancing residents' quality of life and preserving the environment for future generations.
  • Ease of Purchase and Financing: Orascom provides ease of purchase and diverse financing options to meet different clients' needs, making the investment process more accessible and convenient.
  • Security and Privacy: Orascom projects ensure a high level of security and privacy for residents through advanced security systems and community designs that respect individual privacy.
  • Increasing Investment Value: Thanks to excellent locations, high quality, and continuous demand, Orascom projects enjoy increasing investment value over the long term, making them an ideal choice for investors.
  • Unique Lifestyle: Orascom projects offer a unique lifestyle that combines comfort, luxury, and the enjoyment of nature and exclusive recreational facilities, enhancing the living and leisure experience.

Own the Finest Properties in Egypt with Imtilak Global

Imtilak Global plays a pivotal role in Egypt's real estate world, specializing in selecting the best properties for our clients across all Egyptian governorates. We pride ourselves on offering exceptional services that go beyond real estate brokerage to provide a unique living experience that combines comfort, luxury, and sustainability.

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Through our partnerships with top real estate developers like Orascom Developments, we ensure our clients have access to a wide range of real estate options that meet their aspirations for upscale living or profitable investment. At Imtilak Global, we are committed to providing comprehensive and well-considered real estate consultations that ensure the best outcomes for our clients and partners alike.

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