Orascom Development

Orascom Development Holding AG is a holding company that develops hotels, offers real estate, infrastructure, leisure services, and builds and operates vacation resorts. It is headed by Samih Sawiris. The company operates hotels throughout Egypt, Jordan, and the United Arab Emirates though Orascom Hotels and Development, its principal operating subsidiary. Orascom Development Holding AG is incorporated in Altdorf, Switzerland, and is listed on the SIX Swiss Exchange, its principal stock market. In 2006, Sawiris announced that he intended to invest $500 million in Andermatt, Switzerland.

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