Company profile

Orascom for Real Estate S.A.E.

Orascom for Real Estate S.A.E. is an Egypt-based real estate development company established in 2018 as a dedicated subsidiary of Orascom Development Egypt SAE to own and develop the O West integrated urban community in 6th of October City, West Cairo. The company holds a 4.2 million square metre (1,000 acre) land bank allocated under a revenue-sharing agreement with the New Urban Communities Authority (NUCA), following settlement of a prior arbitration over the Haram City land allocation. O West is master-planned as a sustainable mixed-use city comprising residential neighbourhoods (villas, townhouses, apartments), an educational hub with international schools (Kent College, British Columbia Canadian International School, Saxony International School), a 35-acre sports club, a hospital, commercial districts, and the O-Business District. Orascom Development Egypt owns 70% of ORE; the remaining 30% is held by Samih Sawiris.

Sector
Real estate and housing / Real Estate Holding & Development, Real Estate Services
Markets
Egypt
Founded
2018
Ownership
Private
Stage
Large Enterprise
Capital raised
$355.8m
Employees
500+
Business model
B2C Transactional, Rental/Leasing

Products and services

O West Integrated Community, O West Residential Units (Villas, Townhouses, Twin Houses, Apartments), O West Commercial & Retail Spaces, O-Business District, O West Club (Sports & Social), Educational Hub (International Schools), Hospital & Medical Facilities

Transactions

Source: Partner Researchers.