Orascom Development Egypt builds integrated coastal and urban communities, hotels, residences, commercial spaces, leisure facilities, and infrastructure in Egypt for homebuyers, residents, visitors, and businesses through master-planned destination development.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| The Chedi El GounaEl Gouna82 units | 9.8/ 10 | —/ 10 | 8.5/ 10 Tripadvisor 4.9/5, 4.7/5, 4.9/5, 4.9/5, 4.8/5 · 1,747 reviews · tripadvisor.com Booking.com 9.4/10, 9.1/10, 9.3/10, 9.3/10, 8.5/10, 9.3/10, 8.4/10 · 619 reviews · booking.com Combined from 12 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.5. |
Tripadvisor is the largest published review set at 4.9/5 from 1,747 reviews, which converts to 9.8/10 under the requested curve and therefore sets the level. Booking.com and HotelsCombined are directionally consistent, while the written feedback adds strong praise for staff, housekeeping, cleanliness, beach and facilities but also minor concerns about price, some room fit and spa availability. No physical-asset or systems rating was published in the reviewed material, so structure remains null. | |||
no notes returned no links returned | Published guest feedback is strongly positive about the day-to-day experience: Booking.com records staff at 9.4/10 and cleanliness at 9.3/10, while guests describe the service as “exceptional” and the private beach as “quiet and never overcrowded.” The main reservations are value and fit: one reviewer said the beach room felt “small and underwhelming,” and the same account reported that every spa appointment slot was taken during a five-day stay. | ||
| Cook’s Club El GounaEl Gouna144 units | 9.7/ 10 | —/ 10 | 8.5/ 10 Tripadvisor 4.9/5, 4.6/5, 4.7/5, 4.8/5 · 1,500 reviews · tripadvisor.co.uk Combined from 4 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.5. |
Google Reviews/Maps provides the largest review base at 4.9/5 from 5,501 reviews, converting to approximately 9.7/10 under the stated curve. Tripadvisor, HotelsCombined and Expedia are directionally consistent, and the written commentary is strongly positive, with recurring music/noise complaints but no severe failure; no structure score is assigned because no published structural rating was found. | |||
Reviewers repeatedly describe the rooms as clean and well maintained: one wrote that “the hotel and the rooms are very clean and very well maintained,” while another praised daily high-standard cleaning. The available physical-condition feedback is mostly positive, although room size and layout draw criticism; one reviewer said the sink was next to the bed and another noted that rooms can be small. No published structural, plumbing, HVAC, electrical or waterproofing rating was found. | Guests consistently praise the staff and service: one review says staff were “incredibly friendly and respectful,” while another calls the service “warm and attentive.” The recurring drawback is noise: reviewers mention music “staying till very late” and “pretty loud” afternoon pool music; one reviewer also said breakfast staff needed more training, while another suggested the gym should be more complete. | ||
| Casa Cook El GounaEl Gouna100 units | 8.7/ 10 | —/ 10 | 8.4/ 10 Tripadvisor 4.8/5, 4.6/5, 4.7/5 · 1,709 reviews · tripadvisor.com Agoda 9.6/10, 9.3/10, 9.2/10, 9.1/10, 9/10 · 919 reviews · agoda.com Combined from 8 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.4. |
Tripadvisor's 4.8/5 from 1,709 reviews is the largest review base and converts to 9.4/10 under the requested curve. Agoda independently reports 9.3/10 from 919 verified reviews, while the Telegraph expert review reports 9/10 without an aggregate review count. The score is therefore anchored high but adjusted to 8.7 for the reported service, housekeeping, overcrowding and room-maintenance failures. | |||
One 2026 Tripadvisor review reported a “leaking kettle,” “clogged shower,” “broken wardrobe door,” loose insulation near a tap and unfinished mirror detailing. Other reviews praised rooms as “spotless” and “well maintained,” so the published evidence is mixed and based on isolated guest reports rather than an engineering inspection. | Daily-life feedback is mostly strongly positive: guests describe “consistently attentive and warm service,” “immaculate cleanliness,” a “tranquil, bohemian vibe,” and staff who were “always ready to go the extra mile.” The negative evidence includes a report that room cleaning and requested items took over an hour, plus complaints about overpriced food, day-pass overcrowding and noise; these are important caveats despite the high aggregates. |
Address of correspondence and company branch: 2005A Nile Corniche Street - Ramlet Boulak - Nile City Towers -South Tower - Ninth Floor - Cairo.
ODE entered a revenue-share partnership with NUCA to develop 1,000 feddan, approximately 4.2 million square metres, in West Cairo.
IFC provided ODE a sustainability-linked loan equivalent to USD 155 million for green improvements, hotel renovations and expansion in El Gouna, and partial debt refinancing.
Hassan Allam Properties bought 110,000 square metres of land in El Gouna from ODE for approximately CHF 33 million, payable over five-year instalments.
Orascom Development Egypt (ODE), to enter into a partnership with New Urban Communities Authority (NUCA) to develop 1,000 feddan (approx. 4.2 million sqm) in West Cairo
Orascom Development Egypt (ODE), to enter into a partnership with New Urban Communities Authority (NUCA) to develop 1,000 feddan (approx. 4.2 million sqm) in West Cairo
Orascom Development Egypt (ODE), to enter into a partnership with New Urban Communities Authority (NUCA) to develop 1,000 feddan (approx. 4.2 million sqm) in West Cairo
IFC today announced a partnership with Orascom Development Holding's (ODH) largest subsidiary, Orascom Development Egypt (ODE)
IFC is providing ODE with a Sustainability Linked Loan (SLL) of total equivalent $155 million
The SLL will support green improvements and growth opportunities for the developer in El Gouna, a popular coastal town on the Red Sea, including renovations of its Mövenpick Resort and Spa El Gouna.
ODE, has sold 110,000 sqm of land at El Gouna to an Egyptian developer “Hassan Allam Properties” for a total value of approximately CHF 33 million
ODE, has sold 110,000 sqm of land at El Gouna to an Egyptian developer “Hassan Allam Properties”
ODE, has sold 110,000 sqm of land at El Gouna to an Egyptian developer “Hassan Allam Properties” for a total value of approximately CHF 33 million
| COMPANY NUMBER | 106342 Commercial Register Cairo Investment · EG · renewed again 3/8/2021 |
| Egypt | active 3 projects tracked |
| Hotel | 3 of 3 |
Bachelor of Science (B.S.), Enterprise & Economic Engineering (IDM) at Stanford University
Bachelor of Science (B.S.), Enterprise & Economic Engineering (IDM) at Stanford University
Naguib S. Sawiris
Chairman - Orascom Development (Current)
Chairman - Orascom Development (Current)
Chairman - Orascom Development (Current)
Ph.D. 2004, Brandeis University, Waltham, MA, U.S.A Major: Finance
Ph.D. 2004, Brandeis University, Waltham, MA, U.S.A Major: Finance
M.S. 2002, BrandeisUniversity, Waltham, MA, U.S.A Major: International Economics
M.S. 2002, BrandeisUniversity, Waltham, MA, U.S.A Major: International Economics
M.S. 2000, AdelphiUniversity, Garden City, NY, U.S.A Major: Finance
M.S. 2000, AdelphiUniversity, Garden City, NY, U.S.A Major: Finance
B.B.A. 1999, AdelphiUniversity, Garden City, NY, U.S.A Major: Management
B.B.A. 1999, AdelphiUniversity, Garden City, NY, U.S.A Major: Management
B.A. 1998, The American University in Cairo, Egypt (3 years) Major: Business Administration
B.A. 1998, The American University in Cairo, Egypt (3 years) Major: Business Administration
Dr. Eskandar Tooma has been appointed as the company's new Non-Executive Chairman of the Board of Directors.
Chairman - Orascom Development Egypt (Current) Jul 2025 - Present
Dr. Tooma has held several high-profile non-executive board positions in many companies, including Telecom Egypt, Vodafone Egypt, Egypt Post, Madinat Masr, Taaleem, Egyptian Resorts Company, B Investments, and the oversight board of the HSBC Egypt Money Market Fund, among others.
With a career in academia spanning more than two decades, Dr. Tooma was a tenured Professor of Finance and the founding head of the Finance Unit at the American University in Cairo.
Cairo, Egypt; Orascom Development Egypt (ODE) board of directors announces that Dr. Eskandar Tooma has been appointed as the company's new Non-Executive Chairman of the Board of Directors.
He rejoins Orascom Development after previously serving as an executive director of the Group from 2013 to 2016. With a career in academia spanning more than two decades, Dr. Tooma was a tenured Professor of Finance and the founding head of the Finance Unit at the American University in Cairo.
Dr. Eskandar Tooma is a distinguished executive leader, academic, and expert in governance and financial management.
Dr. Eskandar Tooma has been appointed as the company's new Non-Executive Chairman of the Board of Directors.
ODE appoints Ashraf Sorial Nessim Azer as CEO and MD for financial affairs
Ashraf Nessim
Nessim previously served as Chief Financial Officer at Beltone Private Equity and Mobiserve. He also established operations for Raya Distribution in Algeria and managed Nokia and Samsung stores in Egypt from 2004 to 2006.
Published on 08/12/2025 at 02:40 am EDT
Ashraf Nessim has served as the Group Chief Financial Officer of Orascom Development Holding (ODH) since 2017 and as the Chief Financial Officer of its largest Egyptian subsidiary, Orascom Development Egypt (ODE), since 2012. He oversees financial strategies and is part of the Executive Management team. With over 25 years of experience in finance, infrastructure, and hospitality, Nessim previously served as Chief Financial Officer at Beltone Private Equity and Mobiserve.
With over 25 years of experience in finance, infrastructure, and hospitality, Nessim previously served as Chief Financial Officer at Beltone Private Equity and Mobiserve.
ODE appoints Ashraf Sorial Nessim Azer as CEO and MD for financial affairs
Every decision I take as leader at El Gouna needs to be a multi-dimensional one.Meet The Leader 2024-10-08https://www.meettheleader.com/interviews/mohamed-amar
Amer holds a bachelor’s degree in business administration from Alexandria University in Egypt.
Amer holds a bachelor’s degree in business administration from Alexandria University in Egypt.
Mohamed Amer
Mohamed Amer
Prior to this role, he spent 22 years at Xerox
Published 8 October 2024
The CEO of Egypt’s innovative Red Sea resort El Gouna talks to Lysanne Currie
Every decision I take as leader at El Gouna needs to be a multi-dimensional one.
The CEO of Egypt’s innovative Red Sea resort El Gouna talks to Lysanne Currie
Cairo, 3 June 2025 – Orascom Development Egypt (ODE) announces that Mohamed Amer, the current CEO of El Gouna, has joined ODE’s board of directors as an executive board member. Additionally, the Board appointed Ashraf Nessim as Managing Director for Finance and Operations and Mohamed Amer as Managing Director for Commercial Activities.
Mohamed Amer joined Orascom Development as the CEO of El Gouna in May 2022. Prior to this role, he spent 22 years at Xerox, most recently serving as VP and Regional General Manager for the Middle East and Africa, based in the UK.
Mohamed Amer Managing Director for Commercial Activities
Tarek Mohamed Yasser Abdelmoniem Elsayed Gadallah Board Member - Executive
Group General Counsel at Orascom Development
Tarek joined Ibrachy Law Firm as a partner in January 2009.
Group General Counsel at Orascom Development ... General Counsel - Orascom Development (Current) Nov 2016 - Present ... Tarek joined Ibrachy Law Firm as a partner in January 2009. His practice focuses mainly on Islamic finance, mergers and acquisitions and related matters including private equity venture capital investments, corporate finance.
His practice focuses mainly on Islamic finance, mergers and acquisitions and related matters including private equity venture capital investments, corporate finance
Tarek Mohamed Yasser Abdelmoniem Elsayed Gadallah Board Member - Executive
Said Mostafa Said Mostafa Hanafi Board Member-Non-Executive
Said Hanafi is a partner of MHR & Partners in association with White & Case.
Said Hanafi is a partner of MHR & Partners in association with White & Case.
Prior to joining the Firm, Said was chief of staff and general counsel of Orascom Development Holdings (ODH). He has also worked as a legal associate at The World Bank Group, as policy analyst at the Organization of Economic Cooperation and Development (OECD) and started his career as a lawyer with a Munich based law firm. Said also held the position of executive chairman of Orascom Housing Communities, Egypt's largest private developer of low income housing. He also held positions of corporate counsel at Ezz Steel, vice president for legal affairs of the American Chamber of Commerce in Egypt
Prior to joining the Firm, Said was chief of staff and general counsel of Orascom Development Holdings (ODH). He has also worked as a legal associate at The World Bank Group, as policy analyst at the Organization of Economic Cooperation and Development (OECD) and started his career as a lawyer with a Munich based law firm. Said also held the position of executive chairman of Orascom Housing Communities, Egypt's largest private developer of low income housing. He also held positions of corporate counsel at Ezz Steel, vice president for legal affairs of the American Chamber of Commerce in Egypt
Said Hanafi is a partner of MHR & Partners in association with White & Case. ... Said was chief of staff and general counsel of Orascom Development Holdings (ODH). He has also worked as a legal associate at The World Bank Group
Said Mostafa Said Mostafa Hanafi Board Member-Non-Executive
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Chedi El Gouna | El Gouna, Egypt | hotel | 821 | — | — | — | — | 2021 | July 15, 2021 | Jan 2022 – Dec 2022 | Dec 2022 | +5.5 mo (0.0 to +11.0) | sourced | completed |
| Casa Cook El Gouna | El Gouna, Egypt | hotel | 1001 | — | — | — | — | 2018 | December 18, 2018 | Oct 2019 | Dec 2019 – Feb 2020 | +3.0 mo (+2.0 to +4.0) | sourced | completed |
| Cook’s Club El Gouna | El Gouna, Egypt | hotel | 1441 | — | — | — | — | 2018 | December 18, 2018 | Jun 2019 – Aug 2019 | Aug 2019 | +1.0 mo (0.0 to +2.0) | sourced | completed |
| Auditor | Grant Thornton |
| Coverage | active |
| Tracked since | October 11, 2026 |
| Last checked | October 12, 2026 this month |
| Profile last researched | October 12, 2026 |
| Claim |