The International Finance Corporation (IFC) is supporting Orascom Development Egypt (ODE) with a sustainability-linked loan (SLL) of $155 million to enhance energy and water efficiency and reduce greenhouse gas (GHG) emissions in hotels in El Gouna on the Red Sea.

Orascom Development Egypt (ODE) has finalized the sale of a 110,000-square-meter land plot in El Gouna to Hassan Allam Properties for $37.4 million.

El Gouna, Orascom Development’s fully integrated and sustainable town in the Red Sea, has launched Tuban, its largest multi-purpose district to date.

Orascom Development Egypt (ODE) has announced the sale of a 145,266-square-meter land plot in El Gouna for EGP 1.54 billion.

El Gouna, the fully integrated town by Orascom Development, partnered with Heazy Skate Park to set up the biggest skatepark in Africa.

El Gouna city has signed a cooperation agreement with SolarizEgypt to establish the second phase of the solar power plant in the city with investments of around EGP 200 million.

Film festivals in Egypt, such as the Cairo International Film Festival and El Gouna Film Festivals, have become significant events that contribute to the country's economy, seasonal employment, aviation, and tourism. These festivals not only showcase cinematic works but also provide opportunities for cultural exchange, networking, and collaboration. Moreover, hosting different cultural and musical festivals helps the country boost economic returns from the entertainment industry.

El Gouna Film Festival has launched a Seed Fundings initiative in collaboration with Orascom Development’s O West, with the first phase of the fund valued at EGP 8 million.

Forbes Middle East's second Under 30 Summit is set to take place from January 11th to 14th, 2024, in El Gouna.

El Gouna Spokesperson has denied claims that the family of the Ukrainian President Volodymyr Zelenskyy owns a villa in the town.

El Gouna, a fully-integrated town of Orascom Development, has launched its latest project Fairways.