{"id":599546,"date":"2019-01-02T04:14:27","date_gmt":"2019-01-02T04:14:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/orascom-development-sells-three-red-sea-properties\/"},"modified":"2019-01-02T04:14:27","modified_gmt":"2019-01-02T04:14:27","slug":"orascom-development-sells-three-red-sea-properties","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/orascom-development-sells-three-red-sea-properties\/","title":{"rendered":"Orascom Development sells three Red Sea properties"},"content":{"rendered":"

Orascom Development Egypt (ODE) has sold three of its properties in the Red Sea Makadi resort for EGP 856 mn, according to a company press release<\/a>. The agreement included the sale of Royal Azur, Club Azur Hotels, as well as a plot of land in the area that the company owns. Proceeds will be used to reduce the company\u2019s debt balance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom Development Egypt (ODE) has sold three of its properties in the Red Sea Makadi resort for EGP 856 mn, according to a company press release. The agreement included the sale of Royal Azur, Club Azur Hotels, as well as a plot of land in the area that the company owns. Proceeds will be used […]<\/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":[72,256,83,2402,7117,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599546","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-red-sea","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"18bae251-ced7-4198-a4a1-7714e7bf4928","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599513],"teaser":"","voice_url":""},"yoast_head":"\nOrascom Development sells three Red Sea properties - 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\/2019\/01\/02\/orascom-development-sells-three-red-sea-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Development sells three Red Sea properties\" \/>\n<meta property=\"og:description\" content=\"Orascom Development Egypt (ODE) has sold three of its properties in the Red Sea Makadi resort for EGP 856 mn, according to a company press release. The agreement included the sale of Royal Azur, Club Azur Hotels, as well as a plot of land in the area that the company owns. 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The Board of Directors of Roaya for Tourism and Real Estate Development, a subsidiary of ODE, also approved the sale of a land plot in\u2026","rel":"","context":"In "Real Estate + Housing"","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":599546,"position":1},"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. 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