{"id":2225,"date":"2020-08-26T12:11:39","date_gmt":"2020-08-26T12:11:39","guid":{"rendered":"https:\/\/www.nawy.com\/blog\/?p=2225"},"modified":"2020-08-26T12:11:40","modified_gmt":"2020-08-26T12:11:40","slug":"orascom-development-financials-2020","status":"publish","type":"post","link":"https:\/\/www.nawy.com\/blog\/2225-orascom-development-financials-2020","title":{"rendered":"Orascom Development Financials 2020"},"content":{"rendered":"\n<p>In the wake of Covid-19, Orascom development has reported its financial situation for the first half of 2020. Despite the pandemic economically shaking the entire planet, the developers&#8217; reports are mind-easing. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Orascom Development<\/h2>\n\n\n\n<p>Orascom Development Egypt (ODE) is a leading developer of fully integrated destinations in Egypt. It involves several development fields including private villas, apartments and hotels. It also includes leisure facilities such as golf courses, marinas, and other supporting infrastructure such as schools, universities and hospitals. Orascom Development Egypt currently owns a land back of 45.7 million sqm and an extensive hotel profile. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Orascom 2020<\/h2>\n\n\n\n<p>In Egypt, real estate sales recorded an enormous influx across all destinations. For Example, total contracts and reservations reached 779.13 million EGP for July 2020 compared to 383.44 million EGP in contracts for July 2019. That is almost double the amount within a year&#8217;s gap. We should also keep in mind that outstanding reservations are taking longer than expected to convert into contracts. That is understandably due to social distancing procedures put in place for the Covid-19 pandemic.  <\/p>\n\n\n\n<p>Overall, the performance of the developer throughout the pandemic is far from disappointing. That, however, is to be expected from a market leader like Orascom. The brand name over the years has earned its weight in gold, and this year is an obvious reason why.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Learn More<\/h2>\n\n\n\n<p>For the latest updates on\u00a0<a href=\"https:\/\/www.nawy.com\/developer\/35-orascom-development-egypt\">Orascom<\/a>, reach out to us on #<a href=\"https:\/\/www.nawy.com\/contact\/Orascom\">AskNawy<\/a>\u00a0or call us on +201022088888<\/p>\n\n\n\n<p>Moreover, if you wish to know more about what\u2019s available in the real estate market, you can visit our website&nbsp;<a href=\"https:\/\/www.nawy.com\/\">Nawy<\/a>. Take a look at our wide selection of exclusive homes!<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the wake of Covid-19, Orascom development has reported its financial situation for the first half of 2020. Despite the pandemic economically shaking the entire planet, the developers&#8217; reports are mind-easing. Orascom Development Orascom Development Egypt (ODE) is a leading developer of fully integrated destinations in Egypt. It involves several development fields including private villas, [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":1632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[335],"tags":[],"class_list":{"0":"post-2225","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate-projects"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Orascom Development Financials 2020 - Cooing Estate<\/title>\n<meta name=\"description\" content=\"Learn more about Orascom Developments&#039; Financial situation in Egypt right here through CooingEstate.com. Your source for premium real estate in Egypt.\" \/>\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\/2225-orascom-development-financials-2020\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Development Financials 2020 - Cooing Estate\" \/>\n<meta property=\"og:description\" content=\"Learn more about Orascom Developments&#039; Financial situation in Egypt right here through CooingEstate.com. 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