Orascom Development’s real estate sales reached 11.1 billion Egyptian pounds in 2022, an increase of 20.7%. On an annual basis
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.
This sales value marks the highest ever achieved by the company.
The company is accelerating the pace of construction in order to decrease the effects of soaring inflation.