{"id":1745,"date":"2019-11-19T14:19:17","date_gmt":"2019-11-19T14:19:17","guid":{"rendered":"https:\/\/www.nawy.com\/blog\/?p=1745"},"modified":"2020-01-14T22:25:47","modified_gmt":"2020-01-14T22:25:47","slug":"orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales","status":"publish","type":"post","link":"https:\/\/www.nawy.com\/blog\/1745-orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales","title":{"rendered":"Orascom Development Egypt reports  EGP 5.5 billion in Real Estate Sales"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-1748\" src=\"https:\/\/www.nawy.com\/blogwp-content\/uploads\/2019\/11\/0.png\" alt=\"\" width=\"200\" height=\"200\" srcset=\"https:\/\/www.nawy.com\/blog\/wp-content\/uploads\/2019\/11\/0.png 200w, https:\/\/www.nawy.com\/blog\/wp-content\/uploads\/2019\/11\/0-150x150.png 150w, https:\/\/www.nawy.com\/blog\/wp-content\/uploads\/2019\/11\/0-100x100.png 100w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/p>\n<p>Orascom Development Egypt recorded a 218.7% increase in net real estate sales to EGP 5.5 billion! That is a magnificent indicator once compared to\u00a0EGP 1.74 billion in 2018.<\/p>\n<p>On a further note, interest costs decreased by 13.3% to reach EGP 325.5 million in 2019 vs. EGP 375.3 million in 2018.\u00a0 It is important to note that\u00a0earnings before interest, taxes, depreciation, and amortization margins were affected by <a href=\"https:\/\/www.nawy.com\/compound\/258-o-west-orascom\">O West<\/a>, due to the upfront launch sales and marketing expenses during the period. Higher margins from O West will start to kick in the year 2020 on wards. Notably, O West the first home project in West Cairo was the largest contributor to new sales (63.4% of sales), followed by<a href=\"https:\/\/www.nawy.com\/area\/el-gouna\"> El Gouna <\/a>(30.3% of sales) and Makadi Heights (5.8% of sales).\u00a0 The EGP 5.5 billion net sales results contributes to Orascom&#8217;s real estate sales full year target of EGP 6.5 \u2013 7.0 billion.<\/p>\n<p>For prices and more details on Orascom properties: click on\u00a0<a href=\"https:\/\/www.nawy.com\/developer\/35-orascom-development-egypt\">Orascom\u00a0<\/a>or\u00a0<a href=\"https:\/\/www.nawy.com\/contact\/Orascom%Developments\">#AskNawy<\/a>\u00a0or call us on +201022088888<\/p>\n<p>If you wish to know more about\u00a0what\u2019s available in the real estate market, you can visit us on our website\u00a0<a href=\"https:\/\/www.nawy.com\/\">Nawy<\/a>\u00a0and take a look at our wide selection of exclusive homes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orascom Development Egypt recorded a 218.7% increase in net real estate sales to EGP 5.5 billion! That is a magnificent indicator once compared to\u00a0EGP 1.74 billion in 2018. On a further note, interest costs decreased by 13.3% to reach EGP 325.5 million in 2019 vs. EGP 375.3 million in 2018.\u00a0 It is important to note [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":1748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[336],"tags":[],"class_list":{"0":"post-1745","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Orascom Development Egypt reports EGP 5.5 billion in Real Estate Sales - Nawy<\/title>\n<meta name=\"description\" content=\"Orascom Development Egypt reports EGP 5.5 billion in Real Estate Sales -\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nawy.com\/blog\/1745-orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Development Egypt reports EGP 5.5 billion in Real Estate Sales - Nawy\" \/>\n<meta property=\"og:description\" content=\"Orascom Development Egypt reports EGP 5.5 billion in Real Estate Sales -\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nawy.com\/blog\/1745-orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales\" \/>\n<meta property=\"og:site_name\" content=\"Nawy\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-19T14:19:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-14T22:25:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nawy.com\/blog\/wp-content\/uploads\/2019\/11\/0.png\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Amany Morad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amany Morad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.nawy.com\/blog\/1745-orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.nawy.com\/blog\/1745-orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales\"},\"author\":{\"name\":\"Amany Morad\",\"@id\":\"https:\/\/www.nawy.com\/blog\/#\/schema\/person\/be7b7c2f3ffb778fc5539538c3739abc\"},\"headline\":\"Orascom Development Egypt reports EGP 5.5 billion in Real Estate Sales\",\"datePublished\":\"2019-11-19T14:19:17+00:00\",\"dateModified\":\"2020-01-14T22:25:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.nawy.com\/blog\/1745-orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales\"},\"wordCount\":197,\"publisher\":{\"@id\":\"https:\/\/www.nawy.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.nawy.com\/blog\/1745-orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.nawy.com\/blog\/wp-content\/uploads\/2019\/11\/0.png\",\"articleSection\":[\"Nawy News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nawy.com\/blog\/1745-orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales\",\"url\":\"https:\/\/www.nawy.com\/blog\/1745-orascom-development-egypt-reports-egp-5-5-billion-in-real-estate-sales\",\"name\":\"Orascom Development Egypt reports EGP 5.5 billion in Real Estate Sales - 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