FY 2012 Annual Report - Orascom Development
FY 2012 Annual Report - Orascom Development
FY 2012 Annual Report - Orascom Development
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30 <strong>Orascom</strong> <strong>Development</strong> <strong>2012</strong> <strong>Annual</strong> <strong>Report</strong> 31<br />
AMOUN ISLAND, EGYPT<br />
FAYOUM, EGYPT<br />
QENA GARDENS, EGYPT<br />
Developing Destination<br />
Developing Destination<br />
Developing Destination<br />
Story<br />
<strong>Orascom</strong> <strong>Development</strong> entered a lease agreement with the Egyptian<br />
Government in 2005 to develop the area into an exclusive luxury<br />
boutique-style hotel. The project spans over 20,000 m 2 and is located<br />
on a spectacular Nile river bank.<br />
With 38 luxurious suites featuring private lounges and pools, an<br />
exquisite restaurant, lounge bar, wine cellar, and a private library, plans<br />
are set to have hotel management agreements with world-renowned<br />
Cheval Blanc (Group LVMH).<br />
Key Facts<br />
Story<br />
Story<br />
20,000<br />
m 2<br />
Total Land<br />
38<br />
Planned Luxurious<br />
suites<br />
In appreciation of its proven development record in 1998 the<br />
Egyptian Government awarded <strong>Orascom</strong> <strong>Development</strong> a total<br />
land area of 1.2 million square meters.<br />
Fayoum is located 100 km southwest of Cairo in an ideal location<br />
overlooking the spiritual lake of Qarun. Plans are set to develop<br />
Fayoum comprising the projects Byoum and Al Roboua in a luxury<br />
residential community.<br />
Following the success of Haram City, <strong>Orascom</strong> Housing Communities<br />
was allocated 0.8 million m 2 of land in the Qena Governorate, Upper<br />
Egypt, in 2010.<br />
Committed to providing high-quality affordable housing units within<br />
sustainable and fully-integrated townships in Egypt, Qena Gardens was<br />
master planned to incorporate 8,000 residential units, school, clinics,<br />
shopping areas, and an entertainment venue.<br />
The master plan for Byoum includes a marina, a 4-star hotel, and 265<br />
residential units, whereas its neighboring sister project, Al Roboua is set<br />
to feature 36 stand-alone villas with supporting infrastructure.<br />
Key Facts<br />
Key Facts<br />
1.2<br />
million m 2<br />
Total Land<br />
0.2<br />
million m 2<br />
Completed Land<br />
1<br />
Planned Hotel<br />
A 4-star hotel featuring<br />
62 guestrooms<br />
0.8<br />
million m 2<br />
Total Land<br />
0.07<br />
million m 2<br />
Completed Land<br />
8,000<br />
Planned Units
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