The foundation of our growth has been the investment in our personnel, bringing dynamic, creative, dedicated, highly educated and ambitious individuals onboard to carry the business forward. With demographics consisting of both genders, at least 18 different nationalities, and various age groups, Orascom Development's employees are a true reflection of its global presence.
We recognize that as a town developer, our 18,000 employees are the key driver to our success. Our focus on staff training and development is critical to our philosophy of offering employees development opportunities, but also to maintain the competitive edge of our team. At Orascom Development, we have introduced a minimum monthly wage to support the families of employees of lower means in Egypt. Our minimum wage is almost four times higher than the minimum wage required by Egyptian law.
With the initiation of each new project, significant employment opportunities are created in the hospitality and construction sectors as well as other segments. We expect the very highest standards from our hotel operators and their teams. We invest not only in training our immediate workforce, but in training the next generation of hoteliers. In collaboration with the Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ) GmbH we have created a centre of excellence in the German Hotel School El Gouna, where more than 120 students are already working towards qualifications in all aspects of hotel operations.
If you require further information, do not hesitate to contact us.
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