Quote from: Brazilian Villain on January 09, 2026, 04:32:16 PMQuote from: PeterWithe on January 09, 2026, 04:26:36 PMDo they have some financial link to our owner?Yes. El Gouna Red Sea is owned, developed, and operated by Orascom Development Holding (also known as Orascom Development), an Egyptian multinational company specializing in creating sustainable, fully integrated communities with hotels, residences, marinas, golf courses, and more. The visionary behind the project is Egyptian billionaire Samih Sawiris (Nas's brother), who founded Orascom Development and conceived El Gouna in the late 1980s.Lovely getting the family involved. They’re worth about £30-odd billion between them I think.
Quote from: PeterWithe on January 09, 2026, 04:26:36 PMDo they have some financial link to our owner?Yes. El Gouna Red Sea is owned, developed, and operated by Orascom Development Holding (also known as Orascom Development), an Egyptian multinational company specializing in creating sustainable, fully integrated communities with hotels, residences, marinas, golf courses, and more. The visionary behind the project is Egyptian billionaire Samih Sawiris (Nas's brother), who founded Orascom Development and conceived El Gouna in the late 1980s.
Do they have some financial link to our owner?
Do we really think this will significantly ease our financial constraints
Excellent. £100m should do it.
Quote from: Percy McCarthy on January 09, 2026, 07:06:12 PMQuote from: Brazilian Villain on January 09, 2026, 04:32:16 PMQuote from: PeterWithe on January 09, 2026, 04:26:36 PMDo they have some financial link to our owner?Yes. El Gouna Red Sea is owned, developed, and operated by Orascom Development Holding (also known as Orascom Development), an Egyptian multinational company specializing in creating sustainable, fully integrated communities with hotels, residences, marinas, golf courses, and more. The visionary behind the project is Egyptian billionaire Samih Sawiris (Nas's brother), who founded Orascom Development and conceived El Gouna in the late 1980s.Lovely getting the family involved. They’re worth about £30-odd billion between them I think.Yes, I think you’re correct, Percy.I’m sure I read, when Nas took over, that the 3 richest people in Egypt were Nas, His father and his brother. I’ve always wondered if the other two would get involved somehow.
Quote from: nigel on January 09, 2026, 10:39:26 PMQuote from: Percy McCarthy on January 09, 2026, 07:06:12 PMQuote from: Brazilian Villain on January 09, 2026, 04:32:16 PMQuote from: PeterWithe on January 09, 2026, 04:26:36 PMDo they have some financial link to our owner?Yes. El Gouna Red Sea is owned, developed, and operated by Orascom Development Holding (also known as Orascom Development), an Egyptian multinational company specializing in creating sustainable, fully integrated communities with hotels, residences, marinas, golf courses, and more. The visionary behind the project is Egyptian billionaire Samih Sawiris (Nas's brother), who founded Orascom Development and conceived El Gouna in the late 1980s.Lovely getting the family involved. They’re worth about £30-odd billion between them I think.Yes, I think you’re correct, Percy.I’m sure I read, when Nas took over, that the 3 richest people in Egypt were Nas, His father and his brother. I’ve always wondered if the other two would get involved somehow.Too late for their dad now, I think he died a while ago. There are three brothers I think.