So, from that, we know the El Gouna Owner is indirectly the famous businessman Samih Sawiris, but what is the story of establishing it? Let’s know more.<\/p>\n
In 1989, Egyptian entrepreneur and engineer Samih Sawiris made the decision to construct pleasant beach houses, complete with a private marina, primarily for himself and a select group of friends.<\/p>\n
Given that the nearest shops, petrol stations, and a hospital were located 25 kilometers away in Hurghada, the idea of establishing a small town began to take shape, and that is what made people think Samih Sawiras personally is El Gouna owner while it is his construction company.<\/p>\n
Today, El Gouna is home to over 12,000 residents. The town boasts its:<\/p>\n
- \n
- Airport<\/li>\n
- 18 hotels and resorts operated by international chains<\/li>\n
- A diverse array of over one hundred restaurants and bars<\/li>\n
- Two championship golf courses<\/li>\n
- 3 marinas<\/li>\n
- One of the country’s finest hospitals<\/li>\n<\/ul>\n
Speaking of the El Gouna owner, it’s time to learn more about Samih Sawiris.<\/p>\n
Samih Sawiris – El Gouna Owner<\/h3>\n
Samih Sawiris\u00a0is the youngest son of the prominent Egyptian construction magnate,\u00a0Onsi Sawiris.<\/span><\/p>\n
![\"El](\"https:\/\/prod-blog-images.cooingestate.com\/blog\/wp-content\/uploads\/2023\/10\/04132902\/images.webp\")
Samih Sawiris<\/figcaption><\/figure>\n He currently leads\u00a0Orascom Development<\/strong>, a company known for building and operating resorts in Egypt, Montenegro, and Switzerland.<\/span><\/p>\n
The company’s earnings took a significant hit following the drop in tourism in Egypt after the political uprising in\u00a02011<\/strong>, but they’ve managed to bounce back.<\/span><\/p>\n
This recovery can be attributed to effective cost-cutting measures, the spin-out of its construction business in Egypt, and strategic asset sales.<\/span><\/p>\n
In\u00a0January 2015<\/strong>, Orascom Development sold\u00a015%<\/strong> of its subsidiary, Orascom Hotels & Development<\/strong>, on the Egyptian stock exchange, which was a significant milestone for the company. They are optimistic that the new regime in Egypt will bring about the stability needed for continued growth.<\/span><\/p>\n
Additionally, Samih Sawiris owns nearly\u00a010%<\/strong>\u00a0of\u00a0OCI N.V.<\/strong>, a major construction company that was founded by his father, Onsi, and is now managed by his brother,\u00a0Nassef<\/strong>.<\/span><\/div>\n<\/div>\nThe Sawiris family, including Onsi, Nassef, and brother\u00a0Naguib<\/strong>, are all recognized as billionaires in the business world.<\/span><\/div>\n<\/div>\nAlso learn about Naguib Sawiris Biography\u200b: A Story of Resilience<\/a><\/em><\/div>\n<\/div>\nWith all that information we had on El Gouna and Samih Sawiris in mind, let\u2019s have a look at the resorts available in it.<\/div>\nShedwan El Gouna Resort<\/h3>\n
The project comprises a substantial 419,000 square meters of land, providing ample room for current and future developments to thrive.<\/p>\n
![\"Shedwan](\"https:\/\/prod-blog-images.cooingestate.com\/blog\/wp-content\/uploads\/2023\/10\/04140052\/shedwan_apafrtments.webp\")
Shedwan El Gouna<\/figcaption><\/figure>\n Shedwan embraces an upscale yet relaxed ambiance. It’s catering to the preferences of many, which is established by the same EL Gouna owner, Orascom Development Egypt.<\/p>\n
The Shedwan community fosters connections among like-minded residents through delightful social opportunities and a shared sense of community.<\/p>\n
A spacious promenade adorned with a variety of textured trees, flowers, and plants beckons everyone to stroll. It’s a contemplation of the surrounding natural beauty, and even engages in exercise as they go.<\/p>\n
Please note that listings & prices are constantly updated.<\/strong><\/p>\n
Shedwan El Gouna Units For Sale<\/span><\/a><\/p>\n
While we have seen Shedwan as an example of El Gouna Redsea resorts, let’s have a look at another one to make the image clearer.<\/p>\n
Top Things to Do in El Gouna at Night for a Blissful Experience!<\/a><\/p><\/blockquote>\n