Orascom Development Egypt (ODE)
Rank: 42
Country: Egypt
CEO: Omar El Hamamsy
Date of establishment: 2005
ODE was formed by a merger between Orascom Projects for Touristic Development and Orascom Hotel Holdings in 2005. ODE is listed on the Egyptian Stock Exchange. It is the largest subsidiary of Orascom Development Holding (ODH), which is listed on SIX Swiss Exchange. With total assets of $1.3 billion as of June 2021, ODE’s land portfolio spans over 49.9 million square meters. It owns 24 hotels with a total of 4,945 rooms all spread among four operating destinations in Egypt: El Gouna, Makadi Heights, Taba Heights, and Byoum, with O West being added soon to the portfolio.