Orascom Development Egypt’s (ORHD) 2018 results reflect a good operational activity and recovery in Egypt’s tourism activity. Continued strong sales on the real estate front, supported by the company’s prospective and recent project launches, are expected to boost its revenues and earnings in the future. A deleveraging drive was launched in Q4 2018 through the divestiture of non-core assets which sets up the company’s balance sheet for a healthy start into 2019.