FY 2012 Annual Report - Orascom Development

32 Orascom Development 2012 Annual Report 33
MAKADI, EGYPT
ROYAL AZUR
& CLUB AZUR , EGYPT
ZAHRA OBEROI,
EGYPT
Developing Destination
Other Hotel
Other Hotel
High local market visibility
Hosting a mega event in cooperation with Vodafone
Egypt; Makadi is currently enjoying a PR boost on a local
level. The event was attended by around 80% of the
home owners and generated huge media coverage.
Story
Having paved the way with two decades of experience and
sound reputation, the Orascom Development business model has
evolved with Orascom Development and Management lending its
expertise to land owners in return for a stake in the proceeds of real
estate sales or a share of the operational revenue.
Story
Story
Makadi, Orascom Development and Management’s flagship
project, is settled in the heart of the Red Sea tourism hub located
only 30 kilometers away from Hurghada International Airport and
just a short drive from the bustling shopping and dining venues of
Hurghada and Sahl Hasheesh.
With a mission to provide upper middle class families the opportunity
to own a home at affordable prices, the town resort will feature, once
fully developed, a variety of residential units, a hotel, commercial and
entertainment areas, as well as all the supporting infrastructure and
services such as a school, a medical center, supermarket, laundries,
banks, worship areas, and transportation facilities. Makadi is also
home to the first sports club in the Hurghada area, allowing individuals
and families to benefit from a more active lifestyle.
Key Facts
The two hotels are located only a short drive away from Hurghada,
offering 830 guest rooms collectively and provide easy access to
most of the Red Sea’s world-class waterfront destinations.
Key Facts
Offering the highest standards of hospitality and service, the Zahra
Oberoi is described as one of Egypt’s most spacious cruise ships
with 27 cabins.
Recognized by the Egyptian Ministry of Tourism as the “Best Cruiser
on the River Nile,” the Oberoi Zahra is the only Nile Cruiser with a
full-service spa.
Makadi presents a secure and promising opportunity for both
homeowners and investors.
www.makadi-redsea.com
3.8
million m 2
Total Land
1,902
Sold Residential
units
Since 2010
1
3-star hotel
with 288 rooms
due to open in
December 2013
5
star hotel
Royal Azur
offering 491
guestrooms
4
star hotel
Club Azur
offering 339
guestrooms