Samih Sawiris’ Orascom Development Egypt posts $430 million in revenue for 2024
Orascom Development Egypt’s revenue surged 41.91% to $430 million in 2024, driven by record real estate sales and strong hospitality growth despite FX losses.
Orascom Development Egypt
Orascom Development Egypt posts record sales growth despite economic challenges
Orascom Development Egypt reports a seventy-seven percent surge in real estate sales, reinforcing its resilience and strategic agility.
Orascom Development Egypt secures $155-million loan from IFC
The financing will enhance the company’s financial stability and fund future expansion efforts.
Egyptian billionaire Samih Sawiris’ firm sees revenue soar to $89 million in Q1 2024
The double-digit growth in Q1 2024 is attributed to accelerated construction activity across its various destinations and improved performance across all its operating segments.
Egyptian billionaire Samih Sawiris’ firm posts $631 million in revenue in 2023
Orascom Development Egypt, majority owned by Orascom Development Holding, operates within the orbit of businesses associated with the Sawiris family.