Q1: Can you give us an overview of El Gouna’s size and current development status?
El Gouna spans 36.92 million square meters, integrating residential, commercial, recreational, and natural spaces along a 10-kilometer stretch of Red Sea coastline. As of the end of April, the town’s construction progress stands at approximately 58% of total landbank developed or under development, and we continue to move forward according to our planned timeline.
In Q1 2025 alone, we aim to deliver 410 new residential units to meet the growing demand. During Q1 2025, 96 units were delivered, with the remaining 314 units scheduled for delivery as planned. Our average selling prices increased by 56% in Q1 2025. In fact, we recorded EGP 12.4 billion in total real estate sales last year, an impressive 63.8% increase.
Q3: What makes El Gouna such a unique and attractive destination?
El Gouna is Orascom Development’s flagship town and the Red Sea’s premier tourism and lifestyle destination. It offers a seamless blend of quality living, world-class infrastructure, and a deep commitment to sustainability.
Located just 30 minutes from Hurghada International Airport, El Gouna boasts a private airstrip, 18 hotels, two golf courses, an international hospital, several schools, and a thriving social and sports scene. The town also features a modern Business Complex alongside multiple work districts designed to support companies, entrepreneurs, and freelancers.
Our advanced infrastructure, rich natural resources, and exceptional climate make El Gouna an ideal host for major regional and international events such as the El Gouna Film Festival, the International Squash Open, the Nefertiti Cup, and the Watersports Festival among others. Additionally, we proudly host the region’s first International Sport Fishing Championship and operate four world-class marinas with capacity for up to 680 yachts, making us the largest private yacht operator in Africa.
Home to over 25,000 residents from more than 50 nationalities, and with 9,200 delivered residential units, El Gouna thrives as a vibrant and diverse community that balances leisure, business, and sustainability.
Q4: Can you tell us about the most recent real estate launch, Fanadir Shores?
Fanadir Shores is one of our most exciting new residential offerings, nestled beside La Maison Bleue Hotel, one of the most prestigious boutique hotels in Egypt, and Fanadir Marina. It’s designed to deliver a premium seafront living experience with open to sea lagoons, reflecting El Gouna’s ongoing commitment to luxury, comfort, and community.
The project consists of 7 residential buildings with a total of 57 units, ranging from two to four bedrooms, with an average size of 220 square meters. Delivery is expected within 2 years.
Fanadir Marina itself spans 30,600 square meters and can host up to 80 yachts. It features a vibrant 6,000 square meter commercial area with over 38 retail and dining outlets, and it’s fully integrated with the Fanadir Marina Signature Residence.
Q5: How is El Gouna evolving as a business and entrepreneurship hub?
El Gouna is fast becoming a business destination in its own right. We’ve developed multiple zones to support companies, entrepreneurs, and freelancers. The El Gouna Business District serves as our core hub for professional office spaces in a lively and connected environment.
G-Valley, one of our most anticipated upcoming developments, is designed as an integrated ecosystem for SMEs and startups, offering essential services like government support, banking, high-speed internet, and business facilities under one roof.
We also have G-Space, a flexible co-working hub that caters to freelancers and remote workers, equipped with modern amenities to support productivity and collaboration.
To further support the shift to hybrid work models, we partnered with IWG (International Workplace Group), the global leader in flexible workspaces. Their brands, such as Spaces and Regus, have launched professional, scalable office solutions right here in El Gouna—reinforcing our position as a progressive destination for business and innovation.
