Orascom to launch Abu Tig Hill Hurghada in Q4, eyes $22 mln revenues

Egypt’s Orascom Development Company says it plans to launch its real estate flagship Abu Tig Hill in El Gouna’s Marina, 20km (12 miles) north of Hurghada, within the fourth quarter of 2017.

The company seeks to generate revenues from the projects amounting to $22 million, Khaled Bichara, Orascom’s chief executive, said Thursday.

Beside Abu Tig Hill, Bichara further added that the company is set to complete Makadi flagship at the end of the year.