Orascom Hotels and Development (OHD)
Encyclopedia
Orascom Hotels and Development (OHD) is a hotel group managed by Samih Sawiris
, one of the sons of Onsi Sawiris
and is part of the Orascom group
of companies.
It operates hotels throughout Egypt
, Jordan
and the United Arab Emirates
.
It is listed on the Swiss stock market.
In 2006 Samih Sawiris announced that he intended to invest $500m in Andermatt
in Switzerland
.
Samih Sawiris
Samih Onsi Sawiris is an Egyptian businessman and billionaire and second of three sons of Onsi Sawiris, the other two being Naguib Sawiris and Nassef Sawiris. He is the executive Chairman of the Board of Directors and CEO of Orascom Development, part of the Orascom group of companies...
, one of the sons of Onsi Sawiris
Onsi Sawiris
Onsi Sawiris is an Egyptian businessman. He was estimated to be worth approximatively $2.9 billion according to Forbes in 2011. He is the patriarchal head of the Sawiris Family...
and is part of the Orascom group
Orascom group
The Orascom Group is an Egyptian conglomerate, established in 1976. The success of ventures within the Orascom Group as well as the other sectors of the company led to the management decision in 1997 to split Orascom into separate operating companies: Orascom Telecom Holding , Orascom Construction...
of companies.
It operates hotels throughout Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
, Jordan
Jordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...
and the United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
.
It is listed on the Swiss stock market.
In 2006 Samih Sawiris announced that he intended to invest $500m in Andermatt
Andermatt
Andermatt is a municipality in the canton of Uri in Switzerland.With Realp and Hospental, it is located in the Urseren valley, south of Altdorf.-Geography:...
in Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
.