Orascom Development has joined hands with Ezz Elarab Automotive Group, the sole agent for Budget Rent a Car in Egypt, to introduce its eco-friendly transport solutions at its flagship resort, El Gouna in Cairo.
This is the first t
Swiss-listed Egyptian property and hotels group Orascom Development has reported a full-year net loss of 69.7 million Swiss francs ($76.82 million), due to the political turmoil in Egypt and elsewhere in the Arab world last year.
Real estate and hotels firm Orascom Development opened its first hotel in Oman last weekend, the Swiss-listed firm said on Monday.
Orascom , which has its main presence in Egypt, has projects in the Middle East and Europe and has been exp
Egyptian group Orascom Development slumped to a first-half loss, hit by economic disruption caused by the country's popular uprising and the strengthening of its reporting currency, the Swiss franc.
Swiss-listed Orascom, known mostly
Egypt's Orascom Development will build two Four Seasons-branded hotels, one in an Egyptian resort and the other in Oman, by second-half 2011 for a total investment of $245 million, a newspaper said on Wednesday.
One hotel will be in th
Orascom Development has earmarked 2.5 million sq m of land for an affordable housing project in Romania, its first such project outside Egypt, it said on Friday.
The project, in which Orascom holds a 70 per cent stake, is expected to offer
Orascom Development, a leading developer of integrated towns with a strong foothold in Egypt and Middle East, on Wednesday held a ground-breaking ceremony to mark the construction of its first integrated holiday resort in Swiss alps.