ODE is majority-owned and controlled by Orascom Development Holding (ODH). ODE is involved in the development of residential units, hotels, and recreational facilities. It has a land bank of 50 million square meters across Egypt, with five operating destinations: El Gouna, Taba Heights, Makadi Heights, Byoum, and O West. In February 2023, it signed an agreement with the Egyptian authorities for the remaining 17.4 million square meters of land in El Gouna. In the first nine months of 2023, ODE recorded $334.6 million in revenues and total assets worth $1.2 billion. The company had a market cap of $354.8 million as of November 15, 2023. Omar El Hamamsy has also been the group CEO of ODH since September 2020.