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Developer
Master developer of Luštica Bay
Swiss-based master developer of integrated towns across seven countries, and the 90 percent owner and developer of Luštica Bay.
Browse all Orascom Development Holding developmentsAt a glance
Founded
2008, Switzerland (founder Samih Sawiris)
Headquarters
Altdorf, Canton of Uri, Switzerland
Listed
SIX Swiss Exchange 2008, delisted June 2025
Destinations
~9-10 integrated towns across 7 countries
Hospitality
~33 hotels, 7,000+ rooms
FY2024 revenue
CHF 631.1 million
Role
Orascom Development Holding is a Swiss-domiciled master developer with a 30-year record of building and running integrated towns, from its 36.9 million square metre El Gouna flagship in Egypt to Andermatt in the Alps and Luštica Bay in Montenegro. At Luštica Bay it is not a passive landlord: through Luštica Development AD, a 90 percent Orascom and 10 percent Government of Montenegro joint venture formed in 2008, it owns the land and delivers and operates the whole 690-hectare town, hotels, marina, town centre and golf included. That concentrates accountability in one experienced developer, and it concentrates risk too. The town is largely built and operating, but the residences still selling are off-plan and phased, delivery dates move, and the buyer, not the developer, ultimately carries the construction timeline, the euro pricing against a sterling budget, and Montenegro’s comparatively shallow, summer-weighted resale market.
Selected projects
Current portfolio
Montenegro · Tivat · Luštica Bay
The Peaks is the golf neighbourhood of Luštica Bay in Montenegro: hillside homes above a Gary Player course, with Botanika its first collection of villas, townhouses and apartments. Freehold, a guide from around GBP 675,000.
Montenegro · Tivat · Luštica Bay
Marina Village is the waterfront heart of Luštica Bay in Montenegro: a 115-berth marina, four beaches and The Chedi hotel. The final Jasmin and Visterija homes are completing, a guide from around GBP 434,000, in euros.
Montenegro · Tivat · Luštica Bay
Horizon is the elevated, most-secluded hillside neighbourhood at Luštica Bay in Montenegro: south-facing studio to three-bed homes with sea views and optional infinity pools, from around GBP 363,000 as a euro-based guide.
Montenegro · Tivat · Luštica Bay
Centrale is the town centre of Luštica Bay in Montenegro, the resort's lowest entry: studios to three-bed apartments and penthouses around the Piazza, from around GBP 333,000 as a guide. Freehold for foreign buyers.
Montenegro · Tivat · Luštica Bay
Luštica Bay is the 690-hectare Orascom town on Montenegro's Luštica Peninsula, with an operating marina, The Chedi hotel and a Gary Player golf course. Four neighbourhoods, freehold homes, a guide from around GBP 333,000.
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