Description

Orascom Development Holding AG, in collaboration with its various subsidiaries, specializes in the creation of integrated communities and resort towns across a broad international footprint, including Egypt, the United Arab Emirates, Oman, Switzerland, Morocco, Montenegro, and the United Kingdom. The company's diverse operations are structured into four primary divisions: Hotels, Real Estate and Construction, Land Sales, and Destination Management. Its Hotels segment delivers a full spectrum of hospitality services, catering to guests in establishments ranging from two-star to five-star ratings. The Real Estate and Construction arm focuses on acquiring undeveloped land and systematically developing residential properties alongside other essential facilities. Through its Land Sales division, the company divests parcels of land and associated development rights to external entities. Additionally, the Destination Management segment is dedicated to providing crucial facility and infrastructure services within its operational resorts and towns. Beyond these core activities, Orascom Development Holding AG also generates revenue by leasing investment properties and offers a wide array of supplementary services, such as mortgage financing, golf amenities, healthcare, educational institutions, marina operations, luxury transportation (limousine rental), laundry services, and more. The company, initially established in 1989, was formerly known as Orascom Hotels & Development AG before officially changing its name to Orascom Development Holding AG in February 2008. Its corporate headquarters are situated in Altdorf, Switzerland.