PROJECTS: Egypt’s El Gouna speeds up construction, plans new launches

About this update from Orascom Development Egypt (s.a.e)

First published: 16-Sep-2025 09:58:25Marwa Abo AlmajdEl Gouna, Orascom Development Egypt’s flagship Red Sea destination, is accelerating construction and expanding hospitality offerings while maintaining one of the country’s most resilient resale markets, its top executive said.Mohamed Amer, CEO of El Gouna and Managing Director at Orascom Development Egypt, said the project is on track to deliver 410 units this year, with 109 already handed over. Most deliveries will come from the six-phase Kamaran project, where construction is advancing on schedule.“By maintaining shorter delivery timelines, sometimes within a year, we strengthen investor confidence and sustain demand,” said Amer.El Gouna has rolled out ready-to-deliver units with one-year delivery, flexible five-year payment plans, a one-year rental commission waiver, he saidThe company’s latest residential launches include Highland by North Bay and Tuban Waterfalls.Amer pointed out both projects have delivery timelines of less than two years.“A boutique branded residences project is also scheduled for launch in November,” he disclosed.El Gouna remains the only project in Egypt permitted to price and sell in US dollars, drawing strong demand from foreign buyers and expatriates.“Nearly half of our sales in the first half of 2025 came from outside Egypt,” said Amer/ “Foreign buyers accounted for 23 percent, while Egyptian expatriates represented the rest. This international demand highlights El Gouna’s position as a truly global destination.”Sales reached 6.3 billion Egyptian pounds ($131 million) in the first half of 2025, with nearly half generated by non-resident buyers.Amer claimed El Gouna offered 10–12 percent annual returns in US dollars, stating that “this strong performance reflects both capital appreciation and robust rental yields.”He noted that the project has avoided the severe slowdown in the resale segment arising from extended payment plans of 10,12, and 14 years.“While the wider Egyptian market has been slowed by extended payment plans of up to 14 years, El Gouna has preserved a vibrant resale market by sticking to five-year payment terms and delivering units faster. This strategy protects our clients’ investments and keeps secondary sales active,” he explained.Hospitality growthEl Gouna currently operates 18 hotels with 2,900 rooms and plans to add up to 700 rooms through three new lux...

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