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Thndr Claps » EGY Claps » Real Estate 🏡 » All-time-high sales for Orascom Development in 2022

All-time-high sales for Orascom Development in 2022

by Shams Abbas
January 30, 2023

The Clap
Orascom Development’s real estate sales reached 11.1 billion Egyptian pounds in 2022, an increase of 20.7%. On an annual basis

What
Orascom Development’s CEO attributed the strong performance to a spike in Q4-2022 sales, in addition to increased demand for houses in El Gouna, Makadi Heights, and O west.

So what
This sales value marks the highest ever achieved by the company.

Now what
The company is accelerating the pace of construction in order to decrease the effects of soaring inflation.

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