{"id":573021,"date":"2020-07-16T03:55:34","date_gmt":"2020-07-16T03:55:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/"},"modified":"2020-07-16T03:55:34","modified_gmt":"2020-07-16T03:55:34","slug":"el-gouna-property-sales-up-almost-25-in-2q2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/","title":{"rendered":"El Gouna property sales up almost 25% in 2Q2020"},"content":{"rendered":"<p>Property sales in El Gouna have increased by 22% y-o-y to hit EGP 891.5 mn in the second quarter of 2020, Orascom Development Egypt (ODE) said in <a href=\"https:\/\/ent.news\/2020\/7\/ODE_El-Gouna_Update-release-Final.pdf\">a press release (pdf)<\/a>. Contracts and reservations reached EGP 891.5 mn during the quarter, up from EGP 729.9 mn last year. The pace of construction in the resort town will be sped up by deploying 100% of the company\u2019s workforce at the sites, the developer said. Hotels in the resort town have also received safety, sanitation and hygiene audit confirmation from Germany-based T\u00dcV Nord.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property sales in El Gouna have increased by 22% y-o-y to hit EGP 891.5 mn in the second quarter of 2020, Orascom Development Egypt (ODE) said in a press release (pdf). Contracts and reservations reached EGP 891.5 mn during the quarter, up from EGP 729.9 mn last year. The pace of construction in the resort [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,256,83,2402,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573021","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-orascom-development-egypt","tag-real-estate","tag-real-estate-housing","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"72ed816e-66f2-422c-a265-abddbbbb8dec","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[572994],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>El Gouna property sales up almost 25% in 2Q2020 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Gouna property sales up almost 25% in 2Q2020\" \/>\n<meta property=\"og:description\" content=\"Property sales in El Gouna have increased by 22% y-o-y to hit EGP 891.5 mn in the second quarter of 2020, Orascom Development Egypt (ODE) said in a press release (pdf). Contracts and reservations reached EGP 891.5 mn during the quarter, up from EGP 729.9 mn last year. The pace of construction in the resort [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-16T03:55:34+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Gouna property sales up almost 25% in 2Q2020\",\"datePublished\":\"2020-07-16T03:55:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/\"},\"wordCount\":95,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Orascom Development Egypt\",\"real estate\",\"Real Estate + Housing\",\"tourism\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/\",\"name\":\"El Gouna property sales up almost 25% in 2Q2020 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-07-16T03:55:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"El Gouna property sales up almost 25% in 2Q2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"El Gouna property sales up almost 25% in 2Q2020 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/","og_locale":"en_US","og_type":"article","og_title":"El Gouna property sales up almost 25% in 2Q2020","og_description":"Property sales in El Gouna have increased by 22% y-o-y to hit EGP 891.5 mn in the second quarter of 2020, Orascom Development Egypt (ODE) said in a press release (pdf). Contracts and reservations reached EGP 891.5 mn during the quarter, up from EGP 729.9 mn last year. The pace of construction in the resort [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-07-16T03:55:34+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"El Gouna property sales up almost 25% in 2Q2020","datePublished":"2020-07-16T03:55:34+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/"},"wordCount":95,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Orascom Development Egypt","real estate","Real Estate + Housing","tourism"],"articleSection":["Real Estate + Housing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/","name":"El Gouna property sales up almost 25% in 2Q2020 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2020-07-16T03:55:34+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"El Gouna property sales up almost 25% in 2Q2020"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":573529,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/","url_meta":{"origin":573021,"position":0},"title":"Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels","author":"enterpriseam admin","date":"9 August 2020","format":false,"excerpt":"Orascom Development Egypt has sold a 40k sqm plot of land in El Gouna to MangroovyHotels for EGP 104.8 mn, according to a bourse disclosure (pdf). Mangroovy will use the plot to provide \u201cdifferent types of services\u201d for people living at its Mangroovy Residence project.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596220,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/earnings-watch-orascom-development-egypt-arabian-cement\/","url_meta":{"origin":573021,"position":1},"title":"Earnings watch: Orascom Development Egypt, Arabian cement","author":"enterpriseam admin","date":"21 August 2019","format":false,"excerpt":"EARNINGS WATCH- ODE doubles y-o-y profit to EGP 205 mn in 2Q2019: Orascom Development Egypt (ODE) doubled its net profits in 2Q2019 to EGP 205.2 mn, up from EGP 101.5 mn in the same period last year, according to an EGX earnings statement (pdf). Revenues for the quarter climbed 50.9%\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648036,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/orascom-development-to-start-building-residential-project-in-gouna-in-2h2017\/","url_meta":{"origin":573021,"position":2},"title":"Orascom Development to start building residential project in Gouna in 2H2017","author":"enterpriseam admin","date":"25 May 2017","format":false,"excerpt":"Orascom Development Holding (ODH) will break ground on a residential project in Gouna in 2H2017, set to be completed by year-end, investor relations director Sara El Gawahergy tells Al Mal. The company is targeting USD 25 mn in sales from the project. Also in the pipeline is an EGP 60.5\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570739,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/13\/earnings-watch-orascom-development-egypt-amer-group-report-2019-results\/","url_meta":{"origin":573021,"position":3},"title":"Earnings watch: Orascom Development Egypt, Amer Group report 2019 results","author":"enterpriseam admin","date":"13 April 2020","format":false,"excerpt":"EARNINGS WATCH- Orascom Development Egypt\u2019s (ODE) profits rose 41.1% y-o-y to EGP 705.6 mn in 2019, according to the company's earnings release (pdf). ODE\u2019s consolidated revenue rose 38.8% last year to EGP 4.7 bn up from EGP 3.3 bn in 2018 on the back of real estate sales soaring 202.5%\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581594,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/ode-gets-greenlight-for-gouna-expansion\/","url_meta":{"origin":573021,"position":4},"title":"ODE gets greenlight for Gouna expansion","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"A new agreement will more than double the town\u2019s current size","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/1600-el-gouna.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597420,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/ode-to-launch-new-real-estate-project-in-el-gouna-in-september\/","url_meta":{"origin":573021,"position":5},"title":"ODE to launch new real estate project in El Gouna in September","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"Orascom Development Egypt (ODE) will launch a new real estate project in El Gouna to coincide with the El Gouna Film Festival in September, Investor Relations Manager Sarah El Gawahergy told Al Mal. The company aims to invest USD 2 mn on development projects in the resort town, including renovating\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=573021"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573021\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/572994"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=573021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=573021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=573021"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=573021"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=573021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}