Orascom Development Holding AG - Company Profile
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Orascom Development Holding AG (ODH) is an international developer of fully integrated destinations. The company's main activities include the development of residential areas, hotels, and leisure and commercial amenities. ODH’s major services encompass real estate, hospitality, and town management. It brands associated with the company include Rotana, Steigenberger, Sheraton, Movenpick, Radisson, and Chedi. The company's offerings cater to residents and tourists, providing vibrant living spaces and premium hospitality experiences. It collaborates with franchise partners for hotel operations. The company operates in Europe, the Middle East, and North Africa, with destinations in Egypt, Oman, Montenegro, Switzerland, and the UK. ODH is headquartered in Altdorf, Uri, Switzerland.
Orascom Development Holding AG premium industry data and analytics
Products and Services
| Services |
|---|
| Real Estate and Construction |
| Land Sales |
| Villas and Apartment Rental |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In November, the company sold 110,000 sqm land plot in El Gouna to Hassan Allam Properties for CHF33 million. |
| 2024 | Others | In July, the company announced the sale of a 145,266 sqm land plot in El Gouna for CHF 28.8 million. |
| 2024 | Contracts/Agreements | In June, the company entered into an agreement to sell RAK Tourism Investment FZC, owner of The Cove Rotana Hotel in the UAE, for a total enterprise value of US$40 million. |
Competitor Comparison
| Key Parameters | Orascom Development Holding AG | Emaar Properties | Sixth Of October For Development Investment Company SODIC SAE | Investis Holding SA | Zara Investment (Holding) Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Switzerland | United Arab Emirates | Egypt | Switzerland | Jordan |
| City | - | Dubai | Giza | Zurich | Amman |
| State/Province | Uri | - | - | Zurich | Capital |
| No. of Employees | 10 | 6,900 | 157 | 13 | 1,984 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Naguib Samih Sawiris | Chairman | Executive Board | 2022 | - |
| Amr Samra | Chief Technology Officer | Senior Management | - | - |
| Ashraf Nessim | Chief Corporate Services and Operations Officer | Senior Management | - | - |
| Stuart Leven | Chief Executive Officer - Orascom Hotels Management | Senior Management | 2023 | - |
| Mohamed Amer | Chief Executive Officer - El Gouna | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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