Projects - Orascom Development

Creating Living
Communities
Egypt
Jordan
Montenegro
Morocco
Oman
Romania
Switzerland
U.A.E.
United kingdom
Company Overview
OUR Vision
Our mission
Orascom Development destinations
Group History
Corporate Social Responsibility
Egypt
operating towns
Projects Under Construction
Projects in the Pipeline
Affordable Housing
Hotel Investments
Tour Operations
Jordan
Montenegro
Morocco
Oman
Romania
Switzerland
United Arab Emirates
United kingdom
Other business
CONTENTS
Company Overview
A member of the Orascom
Group, an economic
powerhouse and one of the
largest corporate groups
in the region, Orascom
Development is a leading
town developer, creating truly
self-sufficient, international
communities.
OUR vision
With global expansion in
mind, and a dedication to
achieve excellence taken to
heart, we work to make the
world recognize Orascom
Development as the authority
in creating living communities
and transforming ordinary
settings into exquisite
destinations. Together, we
commit to designing a new
concept for living, to building
perpetual trust with our clients
and to selling people the
essence of what they need: a
personalized ideal life.
Our mission
We are international town
builders. Prime locations
are spotted and long term
commitments are developed.
Our geographical aims are
unconventional and our
undertakings are creatively
inspired. We work to
provide the best value with
a guaranteed Orascom
mark of quality. We are
not developers, we are
community creators.
Egypt
Operating Towns
19
1El Gouna
2Taba Heights
Projects Under Construction
3Amoun Island
4 El Roboue and Byoum Residence
Affordable Housing
5Haram City
6Al Fayoum
7 Qena Gardens
Hotel Investments
8Club Azur and Royal Azur
Projects Held for
Investment
9Tala Bay, Jordan
Montenegro
Orascom Development
destinations
10 Tivat, Luštica Development
Morocco
11 Chbika, Sahara Atlantique
Oman
12Jebel Sifah
13Salalah Beach
14As Sodah Island
15City Walk, Muscat
Romania
16Constanta
Switzerland
17Andermatt Swiss Alps
United Arab Emirates
18The Cove
United KINGDOM
19Eco-Bos, Cornwall
9
7
17
5
11
10
16
2
4/6
18
1
8
3
13
14
15
12
GROUP History
It all started as the dream of businessman Samih Sawiris… a dream that
a large, untapped section of the vast Egyptian Red Sea coast could
be turned into one of the region’s top luxury destinations. In 1989, the
development started as a small collection of houses. Today, El Gouna is
the flagship destination of the Group, representing a community ranging
between 18,000 – 22,000 permanent residents and visitors from
all over the world. El Gouna has become a model for luxury resort
destinations throughout the region and acts as the standard for all the
Group's destinations.
Keeping El Gouna as the model, the Group gradually started
increasing its holdings. Currently, Orascom Development owns and
manages four fully-integrated towns: our tourist destination El Gouna
(Red Sea, Egypt), Taba Heights (Sinai Peninsula, Egypt), The Cove (Ras
Al Khaimah, U.A.E.), and our budget housing community Haram City
(Greater Cairo Area, Egypt), each with the complete infrastructure
of a self-sufficient town. With several projects under development
in Egypt and internationally, Orascom Development had to give this
massive expansion and development a base that both compliments
and nourishes its standing as an internationally renowned town builder,
moving its headquarters to Switzerland in 2008.
Since the creation of El Gouna, Orascom Development’s ideology has
consistently revolved around the initiative of providing its customers
with the full package. This is illustrated by the creation of an integrative
community that incorporates all of the basic and leisurely facilities
including residential properties, hotels, marinas, golf courses, beaches,
sport facilities, and all essential amenities that make the town an
exclusive entity of its own. Taking its ideology to heart, Orascom
Development’s primary ambition is to expand around the world
transforming virgin lands into eco-friendly living communities.
Group History
1989
The beginning
Samih Sawiris, founder
and CEO of Orascom
Development, begins the
development of his dream to
build a collection of houses
on the serene coast of the
Red Sea. A large plot of land
is chosen, just north of the
Egyptian town of Hurghada.
1991
Getting off
the Ground
The first phases of El Gouna
become operational, and
residents begin to move
in. Although still small, this
project demonstrates the
official launch of the Group's
flagship destination.
1997
Expanding
Locally
The Group's second
destination, Taba Heights, is
chosen to be on the Gulf of
Aqaba at the eastern edge of
the Sinai Peninsula; plans are
approved and construction
begins at the end of the year.
1998
Testing the
Waters
The Group signs an
investment agreement with
Jordan Projects & Touristic
Developments to participate
in the development of Tala
Bay, one of the largest tourist
projects ever undertaken in
Jordan.
2004
Becoming
International
The Group's first community
outside of Egypt, The Cove,
is announced to be in Ras Al
Khaimah, U.A.E. The project
will house a hotel operated
by Rotana, one of the region's
top luxury hotel operators,
real estate properties and
complete town services.
2008
Group History
2006
Venture into
Oman
The Group signs the first
cooperation agreement with
the Omani Government,
ushering forward the
development of a total of four
major projects in the country.
Our budget housing project,
Haram City in Cairo was also
announced.
A Global
Corporation
2007
International
Expansion
Unfolds
The Group signs the
development agreement
for Andermatt Swiss Alps,
Switzerland and Chbika,
Morocco.
The Group moves its
headquarters to Switzerland
and successfully completes a
dual listing on both the Swiss
and Egyptian stock exchanges.
Meanwhile, the first phase of
Haram City is delivered to
its owners, and the Group
announces an additional
project: El Roboue, in El
Fayoum Oasis.
2009
expansion to
ROMANIA, and
Montenegro
The Group initiates an
affordable housing project in
Constanta, Romania. Luštica
Development, the Group's
third integrated project in
Europe and its first project
on the Adriatic Sea, is set
to become a fully-fledged
destination in Montenegro.
2010
expansion to
THE UK
In accordance to UK
certifications, the Group's new
project in Cornwall, UK will be
a fully-operational sustainable
town.
Corporate Social
Responsibility
Environment
As global citizens, the Group is responsible for its activities as an international developer. It is imperative to ensure that the natural and cultural
environments of all project destinations and investment locations are carefully preserved.
Starting in 2002, in an aim to promote El Gouna as an environmentally friendly destination, the Green Gouna Initiative was launched. Since then, a vast
number of environmental practices have been enacted to help preserve the local environment:
Operational Destinations
Orascom Development's corporate environmental goals aim to
make our operating destinations low-waste communities through the
following initiatives:
Waste recycling plant
Solid waste is sorted and used in recycling projects such as organic
fertilizers/compost, plastic hangers and bricks.
Water desalination
Seawater is desalinated and used to supply the entire destination.
The resulting highly concentrated water is then used in our lagoons
with special fish species adapted to such an environment.
Water management systems
Sewage water is recycled and used for landscape and golf course
irrigation systems. In El Gouna, the Group-owned sewage plant has
a capacity of 5,700 m3 per day, treating not only wastewater from El
Gouna but also around 8,000 m3 per day from nearby Hurghada.
Around 15,000 m3 per day of the gray water from the sewage
treatment plant is used to irrigate the extensive gardens of El Gouna
and its golf course. In Taba Heights, two sewage treatment plants with
a combined capacity of 2,000 m3 per day handle all the water and
sewage needs of the resort.
Planting projects
The Group's local organic farm supplies destinations with fresh
products to be used in restaurants.
Green Star Hotel Initiative
3 Green Stars:
4 Green Stars:
5 Green Stars:
In 2008, El Gouna was chosen for its dedication to environmental
protection as the pilot destination for the Green Star Initiative,
a partnership between Orascom Development, the German
consulting firm AGEG Consultants and the German Technical
Cooperation.
Captain's Inn
Dawar El Omda
Turtle's Inn
TTC Rihana
ClubMed
TTC Ocean View
Arena Inn
Sultan Bey
Mövenpick Resort & Spa
Sheraton Miramar
Steigenberger Golf
The first of its kind in Egypt, the Green Star Initiative is working
together with hotel operators, destination management teams,
as well as the Egyptian and German governments to create a
comprehensive set of environmental standards that can be applied
to hotels throughout the country. Holding its first international
conference in El Gouna in the end of 2008, the Green Star Initiative
brought together environmental and business specialists from Egypt
and beyond to discuss appropriate criteria and solutions to create
a system of Green Stars. Ranging from one to five Green Stars,
hotels in Egypt can now be accurately measured as to their local
environmental friendliness.
International Awards
El Gouna served as the pilot project for this initiative and as a result
11 of the town's hotels were awarded the Green Star Hotel eco-label.
Additionally, in recognition of the success of the environmental hotel
certification project, the German Travel Association DRV (Deutscher
Reiseverband) awarded El Gouna with the DRV Environmental
Certificate of Excellence 2009 for the Green Star Hotel Initiative.
Hotels throughout El Gouna have been awarded Green Globe
certificates by Green Globe International, a non-profit organization that
promotes environmentally and socially responsible tourism, including:
•
•
•
•
•
Mövenpick Resort & Spa
Sheraton Miramar Resort
Steigenberger Golf Resort
ClubMed Village El Gouna
Panorama Bungalows Resort
Destinations Under Construction
Destinations in the Pipeline
Because we believe in developing environmentally friendly destinations,
during the planning phase, we conduct an EIA (Environmental Impact
Assessment) to evaluate the impact a new project may have on the
area’s environment, covering natural, social and economic aspects.
Eco-Bos, Cornwall will include more than 5,000 homes intended
to have sustainability standards significantly higher than existing
towns and cities. Key features of the United Kingdom’s sustainable
town proposals include:
In Oman, namely in Jebel Sifah, Salalah Beach, and As Sodah Island,
the Group has a dedicated HSE (Health, Safety, and Environment)
teams at both the corporate and on-site levels. The aim is to monitor
the construction process to comply with Omani regulations. It is worth
mentioning that the Group preferred to develop an in-land marina
rather than reclaim sea area so as to avoid disrupting the shoreline and
natural inhabitants, including marine life and coral reefs.
• Achieve zero-carbon across the sustainable town
• 40% of land allocated for green space
• Between 30% and 50% affordable housing with a good mix of
tenure and house sizes
• More sustainable transportation, reducing car reliance and
encouraging walking, cycling and public transport
• Good quality business space offering one job opportunity per
household
• Average distance between homes and frequent public transport
or neighborhood services should be 10 minute walk
• Robust management and delivery strategy to support new
communities longer term
The Group’s project in Andermatt Swiss Alps is designed in
accordance to the highest ecological standards in the construction
industry. Furthermore, our team works closely with local NGO’s
such as Mountain Wilderness, Pro Natura Uri, Switzerland’s
Traffic Club (VCS) and the World Wildlife Foundation to preserve
rivers, water surfaces and natural habitats. Also, we plan to use
a carbon-free energy supply system for the entire destination by
using renewable energy sources. The planned parking lot will offer
capacity for approximately 1,970 cars parked below the podium,
creating an almost car-free destination where residents and guests
primarily commute via dedicated pedestrian zones.
Sponsorship
Sawiris Foundation for
Social Development
The Group actively contributes to charity and social
development projects. One of the largest contributing
entities is the Sawiris Foundation, which has funded over
90 small and medium enterprises throughout Egypt.
The Foundation operates in all sectors of Egyptian society, providing
over 26,000 jobs for underprivilaged individuals, including those who
have received micro-loans totaling almost exceeding CHF 36 million.
In addition to funding projects for the nation’s underprivileged, there
are currently multiple active programs providing training for nurses in
state hospitals, training home healthcare workers to visit the elderly,
and training education specialists to cater to the growing needs of
Egypt’s student population.
To support Egypt’s future, the foundation also has provided 176
scholarships for talented Egyptian students to pursue postgraduate
studies in the UK, USA, Germany and Egypt and has additionally
handed out 24 awards honoring local literary and film works
reaching up to CHF 20,000.
Human Trafficking
The issue of Human Trafficking is a world-wide dilemma that has
escalated over the years. Figures for human trafficking around the
world, be it of women,children, or young men, is highly alarming.
According to the United Nations Global Initiative to Fight Human
Trafficking (UN GIFT), 1.2 million children are traffick every year, with
an average of 36,000 persons trafficked on a daily basis. More than
CHF 34 billion of illegal profits are made from human trafficking per
annum. The Group was motivated to support this cause by
contributing approximately CHF 535,000 to fund the UN project’s
communication’s plan in collaboration with top media partners.
Welfare of Society
At Orascom Development, we aim to develop sustainable
communities; therefore, it is essential that local communities feel
integrated in our projects. We believe in the importance of maximizing
local culture, resources, and knowledge. In the construction phase of
our projects, we typically hire manpower from the local community and
later encourage locals to operate small businesses in the destination.
In Jebel Sifah (Oman), the Group will build an international hotel
school to graduate the next generations of Omani hoteliers. At Salalah
Beach (Oman), the Group has entered into a social development
program with the Omani Ministry of Tourism to enhance the living
standards of local elderly and underprivileged by providing monthly
donations. The Group is also partnering with the Omani Ministry of
Agriculture in several essential local industries to create more jobs and
improve the micro-economy in the immediate area.
With regards to the Group’s affordable housing project, Haram City
(Egypt), we have executed the following:
• Created a rehabilitation center for street children that provides
accommodation and vocational training. The center also serves
as a point of sales outlet for products handcrafted by the older
children
• Offered units to single mothers at a subsidized rental rate. These
mothers receive paid training in an embroidery workshop within
the community, the local primary school and the recycling facility
onsite. These training opportunities potentially lead to full time
employment.
• Offered subsidized rent for commercial activities undertaken
by residents who were victims of the 2008 rock slide disaster
(approximately 1,000 Egyptians) and have been hosted in
Haram City since the event. Individuals who had lost their
homes and livelihood in that disaster were also offered jobs in
construction activities.
Local Impact
To ensure that the Group has a positive impact on its
communities, great measures have been taken to blend in
with the local culture and initiate projects to improve the
living standards and welfare of local populations.
In El Gouna, for example, the local Nubian architecture was taken
and incorporated into the destination; while in Taba Heights local
Bedouins (the traditional tribes of the Sinai) were employed to work
and live in the destination, where they are encouraged to present
their culture to visitors.
Employees
With 18,481 employees, the Group is backed with a strong
support system that has long been one of the key drivers of its
success.
At Orascom Development, we fully support our 18,481 employees
to grow as individuals. Our focus on staff training and development
is critical to our philosophy of offering employees development
opportunities and also serves to maintain the competitive edge
of our team. The Group aims to create a positive environment
where employees can reach their potential both personally and
professionally.
Individual growth takes place on three levels:
• Current job growth: is increased ability in the existing job,
including both general knowledge and functional competence.
• Career growth: is development that aims to maximize an
individual’s future career prospects within the Group.
• Personal growth: is growth that enables employees to capitalize
on personal strengths. For example, employees may wish to
attend programs or events to improve teamwork or interpersonal
skills.
The Group strongly believes in the added value of diversification.
Orascom Development employees’ demographical pool includes
33 nationalities and an age range from 20 to 60 years of age. Our
employees are a true reflection of the Group’s international presence.
Orascom Development is proud to employ a minimum monthly wage
that is higher than required by each country’s Labor Law. In Egypt,
for example, our minimum wage is nearly 2.5 times higher than that
required by Egyptian law.
Through consistent staff training, and housing for a large number
of employees and their families, the Group ensures that Orascom
employees are well taken care of.
What is Egypt without the glory of the
Ancient Egyptians, the pristine coastal
shores of the Red Sea, and the beauty of
the Nile Valley?
For us, Egypt represents the home of
Orascom Development, the location of
our flagship destination, El Gouna, and
the spirit of hospitality and hard work that
we take with us all over the world.
Egypt
Operating Towns
El Gouna
Located on the Red Sea Coast of Egypt, El Gouna is
Orascom Development’s flagship community and the
largest of all the Group’s destinations. World-renowned
architects such as Michael Graves and locals such as
Ramy El Dahan have come together to give El Gouna’s
vibrant residential districts its own special flavor, from
modern Italian villas to spacious Nubian homes.
1989 Master plan deemed final by the Group
1991 First residents move in
El Gouna
Egypt / Operating Towns / El Gouna
An international community ranging between 18,000 – 22,000 permanent residents and visitors from all over the world. El Gouna is home
to 18 hotels, two shopping hubs, 100 restaurants and bars, three marinas, four schools, a branch of the American University in Cairo, and
European-standard hospital.
Egypt / Operating Towns / El Gouna
The Hotels
El Gouna is home to 18 hotels, 17 of which are controlled by the Group for
a total capacity of 2,879 rooms. Hotels are evenly spread out throughout
the resort, giving each property a distinct flavor. From the internationallyoperated Mövenpick, to the local Captain’s Inn and Ali Pasha hotels, guests
of all tastes and budgets can enjoy a wonderful stay.
The Homes
El Gouna is home to eight distinct neighborhoods, representing a range
of architectural styles from the beautiful Italian-inspired White Villas to the
traditional Nubian villas and apartments.
The Services
El Gouna boasts a complete infrastructure including a water desalinization
plant, garbage recycling facilities, as well as generators to provide the
town with electricity. In addition, the services of El Gouna include fullservice marinas, an internationally-recognized hospital equipped to handle
emergency cases 24/7 as well as four schools, a branch of the American
University in Cairo, a library linked to the Bibliotheca Alexandrina, a
mosque and church, child daycare facilities, landing strip, nursing institute,
grocery stores, fresh produce, and a vibrant town center.
The Lifestyle
Located inside El Gouna are two branches of the world famous Angsana
Spa, an 18 hole championship golf course, as well as nine certified diving
centers and five kite surfing centers. Whether downtown or in the marina,
the shopping and dining options in El Gouna range from simple everyday
to once in a lifetime luxury. Concerts and community events are held on
a regular basis, a cinema has opened up and offers a set schedule of films
throughout each month, and the downtown area is home to one of the
largest aquariums on the Red Sea.
Facts
• 36.8 million m2 total land area
• 18 hole championship golf course
• 11.2 million m2 developed land
• 9 certified diving centers, 5 kite-surfing centers
• 10 km of beachfront
• Public library, university center, and four schools
• 18 hotels, 17 of which are controlled by the Group for a total capacity of 2,879 rooms.
• European-standard hospital
• About 2,500 real estate units sold off plan as of 31.12.2009
• Nursing institute
• 18,000 - 22,000 permanent residents and visitors from all over
the world.
• 2 Angsana Spa outlets
• 3 marinas with a capacity of 361 berths
HOTEL PARTNERS
• ClubMed
• Mövenpick
• Sheraton
• Steigenberger
• The Three Corners
• Four Seaons
INFRASTRUCTURE
• Water desalination facility
• Sewage treatment plant
• Electrical power generation
• Communication (telephone lines, Wi-Fi) • Roads network
• Public transportation
Yacht marina and promenade
Beaches and lagoons
Water activities
Variety of real estate
Nightlife in El Gouna
Hotel amenities
Hotel amenities
Egypt
Operating Towns
TABA HEIGHTS
The Group’s second major destination, Taba Heights
is nestled on the coast of the Sinai Peninsula on the far
eastern Egyptian coast. Boasting views of three countries,
Taba Heights is a perfect getaway complete with six
hotels and a range of shopping, dining, and entertainment
facilities or services.
1997Master plan deemed final by the Group
TABA HEIGHTS
Egypt / Operating Towns / TABA HEIGHTS
Taba Heights is the Group’s second fully self-sufficient resort town, developed after the successful
model of El Gouna.
Egypt / Operating Towns / TABA HEIGHTS
Location and Project
The town is situated between the mountain ranges of the Sinai Peninsula in Taba,
approximately 200 km north of Sharm El Sheikh. Taba International Airport is
only 25 km away from Taba Heights. The total project comprises a total land
area of approximately 4.3 million m2, of which around 2.8 million m2 is currently
developed.
The Hotels
The town is home to six hotels, some of which are located along a beach
promenade, allowing visitors direct access to the beach. One of the hotels is in the
heart of Uptown, with close proximity to the town’s selection of dining and shopping.
The Services
Services in Taba Heights include various spas, an 18 hole championship golf
course, and a full-service water sports and diving center, medical center, child
daycare services, town center, 59 outlets including cafes, bars, restaurants and
shopping facilities, and 16 hotel swimming pools. The town is also home to an
international 50-yacht marina, recognized as an official port of entry to Egypt
and providing daily shuttles between Taba Heights and its sister development,
Tala Bay in Jordan.
The Lifestyle
Taba Heights is home to two hearts. The Uptown area, located close to the
main highway, offers a collection of shops, services, and five-star dining
experiences, all overlooking the Gulf of Aqaba. Additionally, a beach
promenade stretching over five kilometers lines the coast, connecting some
of the beach hotels together and offering a perfect setting for Bedouin tents
and sheesha cafes underneath the stars.
The Future
As a significant crossroad in the region, Taba Heights has great potential to
become another large residential destination with year-round residents, similar
to El Gouna. In the future the destination has planned over 1,400 units including
villas and apartments.*
*The Egyptian Government currently prohibits the sale of real estate in the Taba area to non-Egyptian. However,
there are current discussions to ease those restrictions.
Infrastructure:
• Water desalination facility
• Electrical power generation
• Public transportation
• Sewage treatment plant
• Communication (telephone lines, Wi-Fi) • Roads network
Facts
• 4,000 permanent residents
• 4.3 million m2 total project area
• Six hotels with 2,365 rooms
• Over 1,400 real estate units planned
• International 50-yacht marina with connections to Aqaba, Jordan
• Championship golf course
• Internationally-recognized diving and watersports center
• Uptown area with shopping, dining, and activities
HOTEL PARTNERS
• Hyatt
• Marriott
• The Three Corners
• Intercontinental
• Sofitel
• ClubMed
Natural setting
Natural setting and diving
Championship golf course
Desert excursions and activities
Leisure facilities
Egypt
Projects Under Construction
AMOUN ISLAND
Located on a private island in the southern Egyptian town
of Aswan, Amoun Island will house a boutique-style hotel
complete with private pools, restaurants, and six-star
international service.
2005 Land acquired from Egyptian government
2007 Master plan deemed final by the Group
2012 Project to become operational
AMOUN ISLAND
Egypt / Projects Under Construction / Amoun island
As part of an agreement signed between the Group and the Egyptian Government in 2005, Amoun
Island will provide an oasis offering a beautiful mix of natural beauty and luxury.
Egypt / Projects Under Construction / AMOUN ISLAND
The Project
The project is planned to provide an exclusive six-star boutique hotel in
cooperation with Cheval Blanc, the hotel branch of the luxury Group
Moët Hennessy Louis Vuitton (LVMH), offering 38 luxury suites with
lounge areas, private pools, exquisite-cuisine restaurants, a lounge bar,
wine cellar, a private library and six star service. The development of
the project commenced in the third quarter of 2007 and the hotel is
expected to become operational during 2012.
The downtown area has been renovated by the local authorities to become
a pedestrian-only market, alive with mostly traditional shops and charming
restaurants and cafes. Located within the immediate region are the two
temples of Kalabsha and Philae, two of the largest and most well-preserved
Ancient Egyptian complexes. The city is also home to the Aswan High
Dam, a marvel of modern architecture.
The Lifestyle
Centrally located only a short boat ride from the heart of Aswan, Amoun
Island will be in quick access to all of the attractions and amenities located
in the region. Aswan is one of the most beautiful cities in Egypt, with the
Nile running the length of this Nubian capital. Located in the center of the
Nile are the protected areas that can be visited with a traditional sail boat
or felucca; these areas have been designated by the government as natural
preserves that are protected against development by law.
Facts
• 22,000 m2 total project area
• Six-star boutique hotel
• 38 Luxury suites
Hotel Partners
• Cheval Blanc
Natural setting
Egypt
Projects Under Construction
El Roboue - El Fayoum Oasis
The destination of El Roboue is located in the
picturesque El Fayoum oasis, only one hour from Cairo
on the serene shores of Lake Qaroun. El Roboue offers
36 standalone villas in traditional Nubian architecture
with associated amenities.
1998 Land acquired from Egyptian government
El Roboue
Egypt / Projects Under Construction / El Roboue
Awarded to the Group by the Egyptian government in 1998, El Roboue is an exclusive collection of
villas on the serene shores of Lake Qaraoun.
Egypt / Projects Under Construction / El Roboue
The Project
Located approximately 100 kilometers southwest of Cairo, El Roboue
offers 36 standalone villas in traditional Nubian architecture with
associated amenities that will attract weekend travelers from Cairo and the
surrounding areas.
The Lifestyle
Only an hour drive from the heart of Cairo, El Fayoum Oasis was known
as the summer resort of the Pharaohs and Egyptian royalty. Due to its
proximity to one of the largest and quickest-growing cities in the region,
El Fayoum is rapidly becoming a new area for luxury town development.
Boasting a beautiful setting, the oasis is filled with both natural and
manmade landmarks. Residents can enjoy day trips to surrounding
monuments, or spend the day sailing and participating in water activities on
Lake Qaroun.
Facts
• 0.9 million m2 total project area
• 36 standalone villas
• Overlooking Lake Qaroun
Project site
Egypt
Projects Under Construction
Byoum RESIDENCE El Fayoum Oasis
Just down the road from El Roboue in El Fayoum Oasis,
Byoum Residence will become the first self-sufficient
luxury development in the area, complete with homes, a
hotel, a hunting lodge, and a marina.
1998 Land acquired from Egyptian government
2008 Master plan deemed final by the Group
2011 Hotel and real estate to become operational
BYOUM RESIDENCE
Egypt / Projects Under Construction / BYOUM RESIDENCE
Byoum Residence, the latest addition to Orascom Development’s portfolio, a naturally preserved haven in the heart of El Fayoum, redefines
serenity and indulgence away from the city.
Egypt / Projects Under Construction / BYOUM RESIDENCE
The Project
Designed to be an exclusive project removed from the nearby urban flurry,
Byoum Residence is an ultimate getaway to revive your body and soul,
a place where you can lose yourself in the nature and beauty of Egypt.
Byoum Residence will become the first self-sufficient luxury development in
the area, complete with homes, a hotel, a hunting lodge, and a marina.
The Lifestyle
Hunting, one of the traditional pastimes of Egyptian and foreign royalty, acts
as the main attraction of this development. Located at the center of Byoum
Residence is a full-service hunting lodge that will arrange trips for the avid
hunter into the surrounding areas, allowing sport hunting of ducks and
water fowl.
For the non-hunter, Byoum Residence also offers a waterfront view on Lake
Qaroun, where one can marvel at the serenity of the Oasis and admire the
endless stretch of sand dunes on the opposite side. Byoum Residence is
also within quick reach of the attractions located in El Fayoum such as the
Wadi El Rayan and El Heitan natural protected areas, the Castle of Qaroun,
and the Pyramid of El Fayoum.
Facts
•
•
•
•
446,507 m2 total project area Hunting Lodge
Horse Riding Paddock
Shops, Dining, and Entertainment
• 158 villas with full access
to an attached marina
• Sailing Club
• 140-yacht marina
HOTEL PARTNERS
• Paradisso Hotels, a four star hotel with a capacity of 62 guest rooms
Natural setting
Haram City
Egypt
Affordable Housing
Haram City, Al Fayoum,
and Qena Gardens
In the suburbs of Cairo, El Fayoum and Qena, Orascom
Housing Communities, a subsidiary of Orascom Hotels
& Development plans to develop self-sufficient budget
housing communities integrating real estate units, schools,
clinics, commercial areas, and sporting clubs. The first
phase of Haram City in the 6th of October has been
completed, allowing 5,000 families to move into their
homes. The city of Qena, considered as one of the largest
cities in southern Egypt, is situated 400 km south of Cairo.
Qena Gardens itself will be advantageously located 5 km
from the city's center. The township spanning across 2.8
million m2 will be an integrated urban community, a replica
of OHC’s flagship Haram City.
2006 Haram City master plan is deemed final by the Group
2008 First residents move in
2009 Start of real estate sales in Al Fayoum
Haram City
Al fayoum
Qena Gardens
Egypt / Affordable Housing / HARAM CITY, AL FAYOUM, AND Qena Gardens
With a population of over 80 million, Egypt is by far the most populous country in the Arab world. As a developing nation, Egypt is in need of
budget housing projects to supply its continuously growing and young population with affordable and modern housing.
In the last quarter of 2006, Orascom Housing Communities (OHC) was founded to develop budget housing communities across this
country, providing the services and opportunities necessary to help as many Egyptians as possible.
Haram City, 6th of October
Egypt / Affordable Housing / HARAM CITY, AL FAYOUM, AND Qena Gardens
Haram City – The Project
Located on the outskirts of Cairo in the 6th of October suburb, Haram City
represents the first budget housing development undertaken by Orascom
Housing Communities. By providing an alternative to the crowded districts
of central Cairo, Haram City offers a new comfortable lifestyle, fullyintegrated with all of the amenities and necessary town services.
The Homes
Homes in Haram City, as will be the case in all OHC communities, will be
purchased by the owners outright. At the end of their payment term, residents
will become full owners of their property, free from rental payments that are a
constant worry of many Egyptians.
The Lifestyle
Haram City is broken into several mini-sections, each complete with its own
services and amenities. With a cinema, houses of worship, grocery stores,
and local cafes, the development will not only provide housing for Egypt’s
youth, but also create communities that will grow and thrive, becoming a
catalyst for the country's future growth.
Facts Haram City
• 8.4 million m2 total project area
• 1.9 million m2 developed area
• More than 50,000 budget units planned
• Schools, clinics, houses of worship, a cinema, and commercial centers
• Job opportunities through local and international corporations and NGOs
AL Fayoum – The Project
As a testament to the success of the OHC model in Haram City, the
Group has been allotted another large plot in the El Fayoum Oasis, a large
agricultural area one hour from the Greater Cairo area.
Facts AL Fayoum
•
•
•
•
2.1 million m2 total project area
Schools, a hospital and day care centers, retail and commercial properties
20,000 budget units planned
Completely self-sufficient town
QENA GARDENS - THE PROJECT
The project in Qena Gardens will be advantageously located 5 km from
the city center and feature an integrated urban community spanning
across 2.8 million m2, a replica of OHC's flagship Haram City.
FACTS QENA
• 2.8 million m2
• Located 5 km from Qena city center
• 400 km south of Cairo
Haram City overview
Town services
Community school
Egypt
Hotel Investments
Azur hotels
As part of the acquisition of the Garranah Group,
Orascom Hotels & Development gained a controlling
stake in two hotels along the Egyptian Red Sea coast,
the Club and the Royal Azur Hotel. The hotels are
located in Makadi Bay, south of Hurghada and offer a
total of 828 guest rooms.
2007 Orascom Hotels & Development gained a controlling stake
in Club and Royal Azur Hotels
ROYAL AZUR
CLUB AZUR
Egypt / Hotel Investments / Azur hotels
As part of its corporate strategy, Orascom Hotels & Development has invested in some of the region’s largest and most successful hotel
brands and projects.
Egypt / Hotel Investments / Azur hotels
Royal Azur & Club Azur
As part of the acquisition of Garranah, the Group has acquired interest in
two operating hotels located in Makadi Bay, south of Hurghada. These two
hotels offer a total of 828 guest rooms.
Facts
•
•
•
2 hotels with a combined 828 rooms
- Royal Azur - 5 stars 489 rooms
- Club Azur - 4 stars - 339 rooms
Restaurants, shopping, and daily entertainment
Connected to real estate projects
SEASIDE RESORTS AND HOTELS
RESORT facilities
Egypt
Tour Operations
tarot tours
In 2007, Orascom Hotels & Development purchased
a controlling stake in the Tarrot Tours Garranah Group,
one of the largest tour operators in the region. Based in
Cairo with regional offices spread throughout the country,
Garranah organizes and conducts tours to all of Egypt’s
major sites and cities seamlessly, removing the need
for travelers to move between companies or deal with
middlemen.
2007 Orascom Hotels & Development purchases a controlling stake in the Tarrot Tours Garranah Group
Tour Operations
Egypt / TOUR OPERATIONS / tarot tours
TAROT TOURs
As part of the Group’s acquisition of the Garranah Group, Egypt’s largest
tour operator, Orascom Hotels & Development gained a controlling stake
of one Nile cruiser (27 rooms - Oberoi Zahra) and the other 9 cruisers are
held as investment in associates, referred to in the industry as floating boats.
Distributed into a range of service levels, they offer a total of 509 cabins.
Visitors to Egypt are provided with a full range of services, including access
to private buses between destinations and tourist sites, a full fleet of Nile
cruise ships, as well as cooperation agreements with some of the nation’s
largest and most luxurious hotels.
Facts
•
•
•
•
Controlling stake of one Nile cruiser (Oberoi Zahra - 27 rooms)
Another 9 cruisers are held as investment in associates
Coordination with local guides and transport.
Ground transport fleet of 113 vehicles
Garranah transportation fleet and diving
Located on the shores of Red and
Dead Seas, the Hashemite Kingdom
of Jordan is centered in an area full
of history and cultural monuments.
From the mysteries of the Dead Sea,
the breathtaking beauty of Petra, and
the close proximity to religious sites in
Jordan
Jerusalem and the Galilee makes the
area a perfect location to visit or own a
home.
As part of the Group’s strategy
to diversify globally, Orascom
Development has taken an investment
in one of the Kingdom's largest
developments, Tala Bay.
Jordan
projects held for INVESTMENT
Tala Bay
Located just outside of the Jordanian coastal city of
Aqaba, Tala Bay is the sister development of Taba
Heights. Built on a manmade lagoon and one of the
largest tourism projects in the country, the project
includes a wide range of services, apartments, and private
villas. The Group holds a minority 15.64 percent stake in
this project.
1998 Agreement signed for project development
2008 Marina Plaza Hotel opens
Tala Bay
JORDAN / projects held for investment / TALA BAY
Tala Bay, Jordon’s first and largest resort project, is situated on the Gulf of Aqaba (northern Red Sea), which is Jordan’s only sea gateway and is
approximately 10 km away from Aqaba International Airport.
JORDAN / projects held for investment / TALA BAY
Facts
The Project
Invited to develop Jordon’s first and largest resort project, Tala Bay was
the Group’s first regional rolling out of its model outside Egypt. Tala Bay
is situated on the Gulf of Aqaba (northern Red Sea), which is Jordan’s
only sea gateway and is approximately 10 km away from Aqaba
International Airport.
The integrated tourism destination is built on a man made lagoon and
includes villas and apartments, a marina, a championship golf course and
commercial facilities.
•
•
•
•
2.7 million m2 total project area
Jordan’s largest tourism project
The group fully owns the Marina Plaza Hotel, a four-star 267 guest room property
Project includes villas, apartments, a marina, a championship
golf course, and commercial facilities
Hotel Partners:
• Marina Plaza Hotel
Marina Plaza Hotel
The South-Eastern European nation
of Montenegro is quickly becoming
Montenegro
one of the fastest-growing tourism
destinations in the region.
With untouched beauty, the advantage
of its proximity to the major capitals of
Europe and a modernizing economy,
Montenegro is capitalizing on its
position and represents a strong
investment opportunity for the future.
Luštica DEVELOPMENT
Montenegro
Projects Under Construction
Tivat, Luštica DEVELOPMENT
On the Mediterranean coastline at Trašte Bay in
Montenegro, Orascom Development is planning
its third European project.
2009 Agreement signed
2010 Start of infrastructure
Montenegro / Projects Under Construction / Luštica DEVELOPMENT
The Group's first project on the Adriatic Sea is set to become Orascom Development's foothold in South-Eastern Europe and establish it as
one of the top names in tourism and community development.
Montenegro / Projects Under Construction / Luštica DEVELOPMENT
The Project
In cooperation with the local government, the 6.8 million square meter
development will include 2,350 residential units, eight hotels, a town center,
two marinas on the Adriatic Sea, an 18 hole championship golf course,
Thalasso Centre, restaurants and shops, schools, medical services and
additional sports facilities.
The Lifestyle
In following the Group's successful model of El Gouna, the Luštica
development is set to follow the highest in international environmental
standards as well as maintain self-sufficiency, combining all the services and
additional elements of a town to bring its future residents and guests a taste
of true elegance.
Facts
•
•
•
•
•
6.8 million m2 total project area
8 three to five star hotels with a total capacity of approximately 2,200 rooms
Approximately 1,600 apartments and about 750 villas
2 Marinas on the Adriatic Sea
18 hole championship golf course
The farthest Western country in
Africa, Morocco is a beacon of cultural
vibrancy and home to a blend of
European, African, and Arab cultures.
Morocco
Bordered to the West by the vast
Atlantic Ocean, Morocco holds a
great opportunity to become a worldrenowned luxury beach destination.
It is on these Atlantic shores that
Orascom Development plans to build
Chbika, a large tourist destination in
the south of the country.
Morocco
Projects Under Construction
Chbika
On the shores of the Atlantic Ocean in southern
Morocco, the Group plans to build a full-service resort
offering eight hotels, 1,851 real estate units, golf courses, a
marina, and a business and town center.
2007 Agreement signed to start project
2010 Development to commence
2013 First phase to become operational
Chbika
MOROCCO / Projects Under Construction / CHBIKA
In 2007, the Group entered into an agreement with the Government of Morocco to develop Chbika, a self-sufficient tourist destination in the
south of Morocco, 300 km south of Agadir and 250km east of the Canary Island of Fuerteventura.
MOROCCO / Projects Under Construction / CHBIKA
The Project
Chbika will represent another fully self-sufficient leisure town based on the
Group’s successful El Gouna model. Hidden in the river valley and blended into
the magical atmosphere of the natural Sahara Desert sand hills and the beautiful
sea shores, this new destination is set to charge the senses of any visitor.
The Lifestyle
Hotels, a 104-berth marina, 18-hole golf courses, villas and apartments, as
well as a vibrant town center are all planned to make Chbika an international
destination. For guests, Chbika is set to function as an authentic cocoon at
the intersection of the Sahara and the Atlantic, allowing guests to experience
the environment they are visiting.
Facts
Based on fundamental research and analysis of target group preferences,
multiple hotel operators have been contacted to manage the eight hotels
planned for the first two phases. Additionally, an international mix of renowned
architects have also been invited to work on real estate and hotel designs.
•
•
•
•
15 million m2 total project area
8 hotels with capacity of 2,500 guest rooms
1,851 real estate units
Golf courses, 104-berth marina and city center facilities
Nature, seclusion, and tradition, three
terms which describe the appeal of
Oman. Although just a few hours drive
from Dubai and Abu Dhabi, Oman has
always remained the quieter of the Gulf
Arab countries, focusing on its natural
OMAN
beauty and traditional ways of life.
Orascom Development, seeing the
potential of Oman as a worldwide
destination, has four different projects
envisioned for Oman, each marketing a
specific asset of this unique nation.
Oman
Projects Under Construction
Jebel Sifah
Based on El Gouna's model, Jebel Sifah will become a
self-sufficient, fully integrated resort. An initial five hotels
with a total capacity of 804 rooms, 950 residential
units, a marina town, and a championship golf course are
planned.
2006 Cooperation agreement signed with Omani government
2007 Master plan deemed final by the Group
2009/10 Commencement of hotel construction
Jebel Sifah
OMAN / Projects Under Construction / JEBEL SIFAH
Situated approximately 45 minutes from downtown Muscat, Jebel Sifah will become another selfsufficient resort of the Group, following the successful El Gouna model.
OMAN / Projects Under Construction / JEBEL SIFAH
The Project
Slated to be a full-service town, Jebel Sifah will offer a full range of services including
real estate properties, international hotels, and all the essential town services and
leisure facilities to be expected from an Orascom Development community.
The Lifestyle
Facts
Agreements have been signed with world-renowned corporations to operate
hotels in the destination including Rezidor’s Hotel Missoni, the Four Seasons,
and the Banyan Tree.
•
•
•
•
•
•
•
Infrastructure
HOTEL PARTNERS
Due to its proximity to the capital, Jebel Sifah appeals to the country’s
residents and businessmen with its combination of services and facilities.
It offers a marina town, championship golf course, shopping, restaurants,
and retail facilities, public mosque, and nursery.
Construction activities of the first phase commenced during August 2008
which encompasses the development road networks along all related
infrastructure facilities including water supply, a sewage treatement plant, and
a power station.
•
•
•
•
Marina basin with an expected capacity of 200 berths
6.2 million m2 total project area
0.078 million m2 developed area
Approximately 45-minute drive from downtown Muscat
5 hotels with a capacity of 804 rooms
Approximately 950 residential units planned
Hotel expansions are planned so that the destinations will offer a total capacity
of 1,250 guest rooms
Rezidor's Hotel Missoni 5 stars (250 rooms)
Four Season 5 stars (200 rooms)
Banyan Tree 5 stars (239 rooms)
55 room three-star boutique hotel in the marina area (Sifawy)
Natural setting
Oman
Projects Under Construction
Salalah Beach
Located on one of Oman’s most beautiful coastlines in
the southern part of Oman, approximately 1,000 km from
Muscat and only 20 km from Salalah Airport. The Group
is building another El Gouna-modeled self-sufficient,
fully integrated resort, comprising five hotels with a total
capacity of approximately 2,500 rooms, 1,150 real estate
units, a town center, marina, two 18-hole golf courses, and
all related infrastructure.
2006 Cooperation agreement signed with Omani government
2007 Project master plan deemed final by the Group
2009 The group commenced development of Rotana Hotel
2011 Sheduled opening for the Juweira marina hotel and the marina
Salalah Beach
OMAN / Projects Under Construction / SALALAH BEACH
On the far southern edge of Oman lies the region of Salalah, one of the most beautiful areas in the entire Arabian Gulf. In this region, Orascom
Development plans to develop a self-sufficient, fully integrated resort, following the model of El Gouna.
OMAN / Projects Under Construction / SALALAH BEACH
The Hotels
The development at Salalah Beach will contain five planned hotels with a
total capacity approximately 2,500 rooms. Companies such as Mövenpick,
Rotana, and ClubMed have all signed offers to run hotels in the resort. Each
hotel property will be evenly spaced out, allowing for adequate green space
and preventing the overuse of this already pristine environment.
The Homes
The project’s masterplan calls for 1,150 real estate units, including private
apartments and villas. Designed in harmony with the surrounding
environment, these units will offer either clear views of the surrounding desert
or the open shores of the Indian Ocean.
The Lifestyle
Included in the project will be five hotels with a total capacity of approximately
2,500 rooms. The development also has two 18-hole golf courses, marina,
lagoons, and a town center filled with international shopping and dining brands.
The area surrounding the project is an endless oasis in the middle of the
Arabian Desert. Residents and expatriates alike flock to this region of Oman
during the hot summer months, when mansoon hits Salalah and temperatures
soar in the major cities of the Gulf.
Facts
• 25.1 million m2 total project area
• 1,150 real estate units planned
• Town center, marina basin and two 18-hole golf courses
• The first phases of the project will include the construction of the
five-star Rotana Hotel and Juweira Marina Boutique Hotel • Self-sufficient community
HOTEL PARTNERS
• Movenpick 5 stars (392 rooms)
• Rotana 5 stars (396 rooms)
• ClubMed 4 stars (314 rooms)
• Juweira Marina Boutique Hotel (65 rooms)
Natural setting
Oman
Projects Under Construction
As Sodah Island
Located off the Southern coast of Oman, As Sodah Island
will offer a niche luxury hotel complete with 32 lavishly
created villas consisting of 20 one-bedroom villas, 10
two-bedroom villas and 2 five-bedroom villas, each with
their own swimming pool and private beach access.
2006 Cooperation agreement signed with the Omani government
2009 Project commences
2013 Hotel to begin operation
AS Sodah Island
OMAN / Projects Under Construction / As Sodah Island
As Sodah is an island located off the southern coast of Oman opposite Salalah Beach, with a surface of around 11 million m2 of which a total
area of 1 million m2 will be developed by Orascom Development, offering a niche luxury boutique hotel.
OMAN / Projects Under Construction / As sodah island
The Project
As Sodah Island will include an exclusive seven-star luxury eco-lodge boutique
hotel operated by Cheval Blanc, the hotel branch of the Moët Hennessy
Louis Vuitton (LVMH) luxury group. The luxury eco-lodge will offer 32 lavishly
created villas consisting of 20 one-bedroom villas, 10 two-bedroom villas and
2 five-bedroom villas, each with their own swimming pool and private beach
access. Designed with sheer simplicity and absolute elegance, these villas give
their residents and guests absolute freedom to come and go as they like.
The Lifestyle
Exclusivity and privacy are the crowning gems of this community. As Sodah
Island targets those who are looking for an escape from the everyday bustle,
looking for a private retreat to unwind.
Facts
•
•
•
•
1 million m2 total project area
7-star boutique hotel
32 keys
Lodge and a spa building
Hotel Partners:
•
Cheval Blanc
Oman
Projects in the Pipeline
City Walk, Muscat
City Walk, Muscat will become the new commercial
center of the capital, with an office tower, a large
shopping mall, and a world-class five-star hotel.
2006 Cooperation agreement signed with Omani government
City Walk, Muscat
OMAN / Projects in the Pipeline / CITY WALK, muscat
In the heart of the Omani capital Muscat, the Group is planning to develop the ultimate downtown leisure complex.
OMAN / Projects in the Pipeline / CITY WALK, muscat
The Project
Complete with an office tower, mall, and five-star hotel, the project will
become the new center of Muscat, a city famous for its traditional markets.
By integrating traditional architecture with modern needs, City Walk, Muscat
will be a fusion of West and East.
Facts
•
•
•
•
Commercial center, complete with an office tower, a large shopping mall
World class five-star hotel
Total project area 0.047 million m2
Located in the heart of Muscat
Romania ... Affordable Housing
Bordered by the infamous Black Sea
and one of the gateway nations to the
East, Romania has risen from its past to
become a modern state and is revealing
its natural and manmade wonders to the
rest of the world.
As a truly year-round destination with
a rapidly growing economy, offering
skiing in the Carpathian Mountains
in the winter and beautiful Black Sea
resorts in the summer, Romania has
been chosen by the Group for a new
affordable housing development.
Constanta
Romania
Projects Under Construction
Constanta
A testament to the success of the affordable housing
developments in Egypt, Orascom Housing Communities,
a subsidiary of Orascom Hotels & Development, has
now embarked on the creation of a project in Romania,
making this its first integrated development in Europe.
2009 Affordable housing project agreement
Romania / Projects Under Construction / Constanta
In the major city of Constanta, Orascom Housing Communities has planned an affordable housing project that will offer residential units over
three phases with the first phase expected to be operational in five years.
Romania / Projects Under Construction / Constanta
The Project
The development is located only 11 km from the center of Constanta, one of
Romania's busiest ports and vibrant urban centers. Beyond the immediate
community, public transportation connections to the city center and
surrounding urban areas will allow residents easy access to their jobs and
entertainment.
The Lifestyle
A full range of services and amenities are planned to serve the residents
of this new urban development in line with the Group's affordable housing
projects, including houses of worship, business and commercial centers,
schools and universities.
Facts
•
•
•
•
•
2.5 million m2 total project area
33,000 residential units
Affordable urban housing project
Complete integrated community
Public transportation network
Switzerland ... Stability & Security
Located in the heart of Europe,
Switzerland is the new headquarter
for Orascom Development. With
Germany, France, Austria and Italy
surrounding it, Switzerland is easily
accessible whether arriving from
North, South, East or West of Europe.
Andermatt Swiss Alps
switzerland
Projects Under Construction
Andermatt Swiss Alps
In the heart of the Swiss Alps at an altitude of 1,444
meters and strategically placed halfway between Zurich
and Milan, the village of Andermatt has been chosen
by the Group for the development of a year-round
destination. In addition to numerous developments to
the already existing community, the project plans to build
490 apartments in 42 buildings, 500 condominiums,
20 to 30 villas, six 4 to 5-star hotels, and an 18-hole
championship golf course.
2007 Agreement signed to start project
2009 Master plan deemed final by the Group
2013 First phase to become operational
SWITZERLAND / Projects Under Construction / Andermatt Swiss Alps
A quiet Swiss mountain village, Andermatt Swiss Alps is a perfect combination of European elegance and natural magnificence holding the
potential to become one of Europe’s top year-round destinations.
SWITZERLAND / Projects Under Construction / Andermatt Swiss Alps
The Project
The Andermatt Swiss Alps project will be developed in accordance with
the highest ecological standards where our team works closely with local
NGO’s such as Mountain Wilderness, Pro Natura Uri, Switzerland’s Traffic
Club (VCD) and the World Wildlife Fund. Orascom Development aims
to preserve rivers and water surfaces as well as local natural habitats. The
Group additionally plans to use a carbon-free energy supply system for
the entire resort by using renewable energy sources. More importantly, the
planned underground parking lot will offer a capacity for approximately 1,970
cars to reduce air pollution and noise in the town.
INVESTMENT
Subject to certain construction obligations, the Group has been granted an
exemption from the Lex Koller legislation, which restricts the acquisition of
real estate by non-Swiss residents. Pursuant to this exemption, non-Swiss
residents will be able to acquire and transfer residential properties without
authorization until the end of 2030.
The Lifestyle
In the winter months, Andermatt will be a perfect ski destination with 130 km
of varying ranges of slopes to suit all skill levels. Furthermore, it is renowned
for its excellent snow record due to its ideal geographical location.
In summer, Andermatt offers a wide range of activities to suit everyone’s
needs, such as hiking, biking, paragliding, rafting, climbing, fishing and tennis.
With the Group’s plan to create an 18-hole championship golf course and
an attractive diversified village centre, with international shopping and dining
outlets, sports center with an all season leisure pool, a commercial center,
and podium, it is ensured that Andermatt Swiss Alps will bustle with activity
throughout the year.
Facts
•
•
•
•
•
•
•
•
1.5 million m2 total project area
13 existing ski lifts
18-hole championship golf course
Six 4- to 5-star hotels, 844 rooms and condominiums
A range of summer and winter activities
490 apartments in 42 buildings
20-30 villas and 500 condominiums
A superior 5-star hotel, the Chedi Andermatt will offer 50 guest rooms, 64 apartments, 6 maisonette penthouses and 49 residences with seven lofts
HOTEL OPERATORS
• The Chedi Andermatt 5 stars 169 rooms
• Radisson 5 stars 240 rooms
Winter view from above
Year-round destination
As if the sparkling skyscrapers of its
major cities don’t say it enough, the
U.A.E. represents the business heart of
the Middle East. The demand for luxury
here ranks high, but the love of the local
U. A. E.
culture is even higher.
Orascom Development has chosen the
U.A.E. as the location for its third major
self-sufficient destination, The Cove.
United Arab Emirates
Operating Towns
The Cove
Located close to Ras Al Khaimah International Airport
and approximately 100km north of Dubai, The Cove is
complete with an international five-star hotel, real estate
properties, and all the luxury amenities that guests and
residents have come to expect.
2004 Master plan deemed final by the Group
2009 Rotana Resort opens
THE COVE
U.A.E. / Operating Towns / THE COVE
Located within quick reach of the bustle of Dubai, the Cove is located in Ras Al Khaimah, a younger
sister of the Emirates and an integral part of the country's future.
U. A. E. / Operating Towns / THE COVE
The Project
On a pristine stretch of shorefront, The Cove is Orascom Development’s
third flagship destination after El Gouna and Taba Heights in Egypt.
Based on the successful model of El Gouna, The Cove integrates an
internationally renowned hotel with luxury real estate in a fully sufficient
beach town.
The Hotel
Recently opened, the Cove Rotana Resort and Spa is the sole operating
hotel in The Cove. Set on 600 meters of beachfront at the front of Ras
Al Khaimah, the hotel boasts breathtaking views of the Arabian Gulf.
The resort contains 335 guest rooms, ranging from one to three
bedrooms, designed to accommodate every taste and demand.
The hotel also boasts a fully-equipped leisure and fitness club that includes
Jacuzzis, steam and sauna rooms, and seven massage rooms. Two
swimming pools, water sports center, and kids club wrap up an exciting
line of activities for guests of all ages. When it’s time to eat, the Cove
Rotana Resort offers two full-service restaurants, a poolside café, and three
lounges and beach bars, offering delicacies from around the world.
The Homes
Real estate on offer at The Cove currently includes 133 residential units
ranging from one to three bedrooms, exclusive to the Rotana Resort. All
designed with a Nubian flare, these exclusive properties offer uninterrupted
views of the Gulf with private swimming pools to complete the leisurely
atmosphere. In the future, more villas and apartments are planned for
the expansion of the project to further make use of the vast shores of this
destination.
The Lifestyle
Due to its proximity to the bustling business hub of Dubai, The Cove
is perfectly situated for day trips to and from the city and its myriad of
attractions and town facilities including shopping malls, supermarkets,
international schools and hospitals.
HOTEL PARTNERS
Facts
•
•
•
•
300,000 m total project area
Five-star Rotana Hotel with 335 rooms
Full-service real estate offering 133
residential units
282,000 million m2 developed area
2
• Rotana
Town overview
United kingdom... Royal Tradition
A symbol of traditional refinement,
the United Kingdom is one of the
cornerstone nations of Europe. The
United Kingdom is also leading the way
in environmental development, seeking
to preserve its natural resources for
the future. It is here that the Group
has chosen to develop a purpose-built
sustainable town.
ECO-BOS, CORNWALL
United kingdom
Projects Under Construction
ECO-BOS, CORNWALL
In accordance to UK certifications, Eco-Bos,
Cornwall will be a fully operational sustainable
town. The project will offer a mixed portfolio of
real estate with a total of 5,500 units, including
an element of affordable housing, as well as
commercial property and a variety of recreational
facilities including a hotel and marina.
2010 Agreement signed
2010 First architectural competition and detailed planning
United kingdom / Projects Under Construction / ECO-BOS, CORNWALL
With official recognition from the British government as the country’s first green destination, the community at Cornwall represents a step
forward in European town development.
United kingdom / Projects Under Construction / ECO-BOS, CORNWALL
The Project
As we move into the future of developing purpose-built communities, it
is becoming ever the more necessary to maintain the preservation of the
environment as a top priority. In cooperation with Imerys, a global player in
producing and transforming industrial minerals, Orascom Development is
planning a sustainable community.
The Lifestyle
The project is planned to offer a mixed portfolio of real estate units, including
affordable housing, residential units as well as leisure and recreational
facilities plus a range of commercial developments. By creating jobs and
energizing the local community, the project at Cornwall will act as a catalyst
for environmentally friendly development in the region and add to the
Group’s already successful portfolio of towns.
Facts
• 6.82 million m2 total project area
• Real Estate selection of affordable, mid and high-end units
• Hotel, marina, and a wide range of amenities
OrASCOM DEVELOPMENT MANAGEMENT
Orascom Development & Management (ODM) is a wholly owned subsidiary of Orascom Hotels & Development (OHD).
Over a short period, ODM has partnered with the most prominent investors to develop three residential and touristic real estate
projects in different regions inside Egypt; with multiple properties currently under development, which include
five-star hotels, shopping malls, commercial areas and administrative offices.
Other business
ODM is extending its inherited expertise from OHD in creating
master-planned communities to international markets. With a
total land bank of 9.7 million m2, the company is now active in
Egypt with plans to enter additional countries.
Partnering with ODM will guarantee any organization access
to the Group's enormous pool of expertise, which ODM has
acquired over the years.
Projects:
Makadi: 3.7 million sqm
30 km south of Hurghada at the heart of the Red Sea Riviera,
Makadi is the first destination in the area that provides both
comprehensive residential and tourism services. With over 80%
green spaces the project includes residential units, 8 hotels, a
medical centre, school, and shopping mall.
Facts:
· 3.7 million m2 total project area
· 5,500 residential units
· 8 hotels with a total of 4,005 rooms
·Full range of amenities and supporting services
Other business
Cairo: 3.5 million sqm
At the intersection of the Cairo-Suez Highway and the Ring
Road, ODM is building the Group's first project within the city
of Cairo. Fully-integrated, the project will include a residential
area, commercial, administrative and leisure facilities designed
to make this a new hotspot for the city.
Sahl Hasheesh: 2.5 million sqm
Handpicked for its pristine location, Sahl Hasheesh's real estate
units are set over terraces, giving each unit an uninterrupted
sea view. The project also offers the only marina in the area,
complete with a variety of nightspots, facilities, and other firstrate amenities.
Facts
· 3.5 million m2 total project area
· 14,000 residential units
· 11 hotels with 3,200 rooms
· Leisure, retail, and all supporting amenities
Facts
· 2.5 million m2 total project area
· 2,350 residential units
· 6 hotels with 1,100 rooms
·Marina, special luxury units, leisure and retail
Destination
Residential
Rooms
Hotels
Area (mln sqm)
Amenities
Makadi
5,500
4,005
8
3.7
School, hotels, residential units, retail
and all supporting amenities.
Sahl Hasheesh
2,350
1,100
6
2.5
Marina, luxury units, hotels, leisure
and retail
Cairo
14,000
3,200
11
3.5
Hotels, residential units, leisure, retail and
all supporting amenities.
Orascom Housing Communities
Other business
OHC is strategically focused on offering affordable housing across Egypt. The company acquired 8.4 million m2 in 6th of
October City for the Haram City project, with an initial target of more than 50,000 units built over the next four to six years.
Located in El Fayoum, OHC’s second project , Al Fayoum, will offer 20,000 units covering a total of 2.1 million m2. Qena, the
third project, introduces an integrated urban community spanning 2.8 million m2 located 400 km south of Cairo. The major
city of Constanta in Romania is to become the company's next destination expected to be operational in five years.
Destination
Projects
under development:
Residential Units
Area (mln sqm)
Amenities and Services
Haram City, Sixth of October City
More than 50,000
8.4
Schools, clinics, houses of worship, cinema,
commercial centers
Al Fayoum
20,000
2.1
Schools, hospital, day care centers, retail and
commercial properties
Constanta, Romania
33,000
2.5
Houses of worship, business and commercial centers,
schools and university
2.8
Integrated urban community
Qena
Tamweel Finance Holding Company
Orascom has established a new off-shore company with a capital of USD 100 million, Tamweel Finance Holding. This company
has acquired two subsidiaries in Egypt, Tamweel Mortgage Finance and Tamweel Leasing Finance, with plans to establish a third
mortgage finance company in Oman. This new Orascom finance arm aims to be the largest finance company in the region.
Egypt
Jordan
MONTENEGRO
Morocco
Oman
Romania
Switzerland
U.A.E.
United kingdom
Orascom Development Holding AG
Gotthardstrasse 12
CH- 6460 Altdorf - Switzerland
Tel + 41 41 874 17 17
Fax + 41 41 874 17 07
[email protected]
www.orascomdh.com
1.2011
ORASCOM HOTELS & DEVELOPMENT
Nile City Towers, South Tower, 9th Floor
2005 A Corniche El Nil, Ramlet Boulaq
Cairo, Egypt 11221
Tel + 2 02 2461 99 66
Fax + 2 02 2461 92 80