ZAWYA: Sofitel and Orascom Development Egypt announce the signing of Sofitel El Gouna

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

CAIRO, EGYPT : Accor, a global leader in hospitality, and Orascom Development Egypt, a leading developer specialized in creating vibrant, integrated communities, are pleased to announce the signing of a management agreement to reposition the iconic Mövenpick El Gouna as Sofitel El Gouna Resort, a luxury resort. The property will undergo an extensive phased renovation program starting in 2027, transforming it into a flagship destination under the Sofitel brand, further strengthening Accor’s luxury portfolio in Egypt.Developed in partnership with Orascom Development Egypt and Arabian Peninsula Hospitality, the project reflects a shared ambition to partner with El Gouna Red Sea, a premium coastal destination by Orascom Development in Egypt, where lifestyle, culture and hospitality converge.As a pioneer in creating platforms across art, culture, entertainment, entrepreneurship, hospitality, gastronomy and sports, El Gouna continues to shape Egypt’s lifestyle scene. From the El Gouna Film Festival to Taste El Gouna to international sporting championships, the town leads and inspires its global community of more than 50 nationalities.“Egypt has always held a special place in Sofitel’s story, and today’s signing of Sofitel El Gouna Resort represents a new chapter in our journey here. El Gouna embodies a rare balance of nature, community and international lifestyle, making it an ideal setting for Sofitel. This project reflects our shared ambition with our partners to create a landmark resort that celebrates both local identity and French elegance.”— Maud Bailly, CEO of Sofitel, Sofitel Legend, MGallery and EmblemsA Flagship Resort in the Heart of El Gouna Red SeaLocated along the Red Sea, El Gouna is a sunny seaside livable town that operates all year round, defined by its waterfront living, lagoons, distinctive architecture, and vibrant marina lifestyle.Developed over the past 36 years, El Gouna is a vibrant destination, home to a diverse international community representing more than 50 nationalities, while welcoming around one million visitors annually. Just 30 minutes from Hurghada International Airport and within a five-hour direct flight from the UK and major European cities, the town offers seamless accessibility for both residents and visitors.This combination of accessibility, established community, and year-round livability is reflected in a fully devel...

View stock analysis, news, and events for Orascom Development Egypt (s.a.e)