Orascom Development Holding AG (Orascom Development) is a leading developer of integrated towns with a strong foothold in Egypt and the Middle East and over 18 years of experience. Our Group is a developer of fully integrated towns, offering hotels, private villas and apartments, leisure facilities such as golf courses and marinas along with all related facilities and supporting infrastructure. The Group secured and is in the process of securing large tracts of land in untapped yet attractive locations with significant potential. We have an attractive pipeline of projects under development in Egypt, Jordan, Morocco, Oman, Switzerland and U.A.E. Our proven business model is expected to yield further strategic development opportunities in the medium and long-term. We operate three fully fledged towns, El Gouna, Taba Heights and The Cove, offering 21 hotels with more than 5,000 rooms, control a land bank of approximately 127 million sqm and have a workforce of approximately 18,000 employees.

In 2008, the Group achieved a turnover of CHF 568 million, a gross profit of CHF 162 million and a net profit of CHF 116 million. The founder of the Group, Egyptian businessman Samih Sawiris, still holds a majority stake controlling approximately 60% of the outstanding capital together with his family