Orascom Development opens its 1st international sales office in Dubai

By Shilpa Annie Joseph, Desk Reporter
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Dubai
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Orascom Development Holding (ODH), Switzerland-based leading developer of fully integrated towns, has launched its first global sales office in Dubai to serve its customers in the region and around the world.

According to the statement, the new Orascom Development office, based in the Business Bay district, will manage the sales of its real estate projects across its destinations in Egypt, Oman, Morocco, Switzerland, Montenegro, and the United Kingdom.

The company said that the move reflects Dubai’s strong business and economic fundamentals, including its ideal strategic geographic location, which offers seamless access to regional and global markets and robust investment regulatory frameworks.

 Omar El Hamamsy
Omar El Hamamsy
Group CEO
Orascom Development

“We are pleased to open our first international sales office in Dubai to manage sales across our integrated towns and destinations in 6 countries, in a pivotal step to be closer to our customers.  We continue to provide services with international standards to the GCC countries and the world. Thanks to its rich cultural diversity, as well as the UAE’s success in topping the newly launched Best Investment Migration Real Estate Index in 2022, we chose to open our first office of that type in Dubai, as it remains to be a cosmopolitan city with more than 200 nationalities residing here.”

“We continue to provide services with international standards to the GCC countries and the world. Thanks to its rich cultural diversity, as well as the UAE’s success in topping the newly launched Best Investment Migration Real Estate Index in 2022, we chose to open our first office of that type in Dubai, as it remains to be a cosmopolitan city with more than 200 nationalities residing here.” Mr. Hamamsy added.

In 2021, Orascom Development Holding achieved the highest real estate sales in its history worth $717.4 million, an increase of 57.7 percent compared to $455 million in 2020. With the office in Switzerland achieving a further $131.7 million in 2021, the company’s global aggregate reached $849.2 million.

Related: Global cybersecurity leader Port53 opens regional office in Dubai


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