{"id":573529,"date":"2020-08-09T04:16:44","date_gmt":"2020-08-09T04:16:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/"},"modified":"2020-08-09T04:16:44","modified_gmt":"2020-08-09T04:16:44","slug":"orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/","title":{"rendered":"Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels"},"content":{"rendered":"<p>Orascom Development Egypt has sold a 40k sqm plot of land in El Gouna to <a href=\"http:\/\/www.mangroovyresidence.com\/\">Mangroovy<\/a><a href=\"http:\/\/www.mangroovyresidence.com\/\">Hotels<\/a> for EGP 104.8 mn, according to a <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/249242_2.pdf\">bourse disclosure (pdf)<\/a>. Mangroovy will use the plot to provide \u201cdifferent types of services\u201d for people living at its Mangroovy Residence project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/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":[257,72,256,83,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573529","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-el-gouna","tag-enterpriseam","tag-orascom-development-egypt","tag-real-estate","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"f555fa09-48ae-4a7a-b8b0-d8a1b2ff12dc","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[573503],"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>Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels - 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\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-09T04:16:44+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\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels\",\"datePublished\":\"2020-08-09T04:16:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\"},\"wordCount\":56,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"El Gouna\",\"EnterpriseAM\",\"Orascom Development Egypt\",\"real estate\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\",\"name\":\"Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels - 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The agreement included the sale of Royal Azur, Club Azur Hotels, as well as a plot of land in the area that the company\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":573021,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/el-gouna-property-sales-up-almost-25-in-2q2020\/","url_meta":{"origin":573529,"position":1},"title":"El Gouna property sales up almost 25% in 2Q2020","author":"enterpriseam admin","date":"16 July 2020","format":false,"excerpt":"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\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":592034,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/24\/orascom-development-egypt-to-launch-three-projects-in-el-gouna-in-2020\/","url_meta":{"origin":573529,"position":2},"title":"Orascom Development Egypt to launch three projects in El Gouna in 2020","author":"enterpriseam admin","date":"24 December 2019","format":false,"excerpt":"Orascom Development Egypt (ODE) is planning to launch three projects in El Gouna in 2020, including a hotel and two other real estate projects, CEO Khaled Bichara said, according to Al Mal. The details and budget of the projects have not been provided but Bichara said that there are more\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":581594,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/ode-gets-greenlight-for-gouna-expansion\/","url_meta":{"origin":573529,"position":3},"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":568018,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/odh-offloading-affordable-housing-arm\/","url_meta":{"origin":573529,"position":4},"title":"ODH offloading affordable housing arm","author":"enterpriseam admin","date":"15 December 2020","format":false,"excerpt":"Orascom Development Egypt\u2019s (ODH) board has approved plans to sell the company\u2019s 35% stake in affordable homes builder New City Housing and Development (previously Orascom Housing Communities or OHC), according toa regulatory filing (pdf). 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