Orascom Development Egypt (ODE) has received a notice from the Environment Protection Agency, a department of Egypt’s Ministry of Environment, of a claim for environmental compensation of $33.9m in relation to the company’s tourist destination El Gouna.
According to ODE, the Environment Protection Agency has not substantiated the claim or provided any information on the background and the reasons, and it has failed to respond to ODE’s request for further information.
Furthermore, ODE has not been given the opportunity to respond, whether technically or legally, to the allegations prior to receiving the notice.
ODE stressed that it has always been strongly committed to environmental laws in all of its destinations. This is evidenced by the fact that El Gouna was the first destination in the Africa and Arab region to receive the Global Green Award under the United Nations Environment Programme.
