For the period ending in December 2021, Orascom Development Company announced real estate sales indicators and hotel sector performance indicators.
In a statement, the company stated it made EGP 3 billion in the fourth quarter of 2021, up from EGP 1.8 billion in the fourth quarter of 2020, a 61.4 percent increase.
Thus, the real estate sales of the company during the year ending in 2021 amounted to about 9.2 billion pounds, an increase of 48.8% over the year ending in 2020 and 32.9% over the year ending in 2019.
According to Orascom Development’s statement, the company’s real estate sales in 2021 are the highest in the company’s history.
And the company strengthened its position and leadership in the real estate market this year, as it maintained implementation and growth rates even as the new Coronavirus spread, and all of its real estate projects were in high demand in all of their destinations.