ORASCOM DEVELOPMENT

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Orascom Development

For over twenty five years, Orascom Development Holding has been living, breathing and realising its vision: “Life as it should be”. A leading developer of integrated towns, Orascom takes a sensitive and cohesive approach to large-scale town development. Its sustainable destinations bring life to the unique locations they inhabit and pioneer environmentally-sound initiatives that ensure projects benefit the existing landscape as much as the local community and culture. World-class infrastructures and precision of execution underpin its organic ethos. 
Spearheaded by a seasoned Executive Management Team and with 18,000 employees, it brings together decades of unparalleled experience and expertise to every project.

Evolving Portfolio

Orascom’s current portfolio is impressive, with nine uniquely-evolved destinations across three continents in different stages of development: 

● Egypt: El Gouna, Taba Heights, Makadi, Haram City 
● Oman: Jebel Sifah, Salalah Beach 
● UAE: The Cove 
● Switzerland: Andermatt Swiss Alps 
● Montenegro: Luštica Bay 

Its development includes real estate, hotels, marinas, leisure facilities, golf courses, hospitals, schools and all community supporting infrastructure required for permanent hassle-free living. It owns one of the world’s largest developmental land banks covering 100.2 million square meters, of which 68.4 square meters are undeveloped. It also has a vast hotel portfolio, with 35 hotels, 53% of which is managed by Orascom Hotel Management (link). 

Luštica Bay

Orascom Development is proud to bring to life the unique community of Luštica Bay, situated on Montenegro’s unique and picturesque Luštica Peninsula. 

Safeguarding the landscape and culture of which it is part of, the town will showcase the ethical and environmental concerns central to Orascom’s business model. 

It is a special addition to the Orascom collection, evolving from the seed of a vision to a magical place to live life as it should be.
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