Orascom Development Egypt (S.A.E)EGX: ORHD

Orascom Development Subsidiary Signs Agreement To Develop Seafront On Red Sea Coast

· Issued by Orascom Development Egypt (S.A.E)

On 6ix: 6ix.com/news/orascom-development-subsidiary-signs-agreement-to-develop-seafront-on-red-sea-coast

ORASCOM DEVELOPMENT EGYPT EGX:ORHD:

  • SUBSIDIARY SIGNS AN AGREEMENT WITH GOVERNMENT

  • AGREEMENT TO DEVELOP A PRIME SEAFRONT PLOT ON RED SEA COAST

  • UNDER NEW AGREEMENT, GOVERNMENT ENTITLED TO RECEIVE 50% OF PROJECT’S COMPONENTS IN-KIND

  • ORASCOM DEVELOPMENT EGYPT - AGREEMENT ENTERS INTO FORCE IN JANUARY 2026

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