Orascom Development Holding Appoints Omar El Hamamsy as CEO, Effective 1 September 2020
July 29, 2020 at 01:32 pm
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The Board of Directors of Orascom Development Holding (ODH) announced the appointment of Omar El Hamamsy as Chief Executive Officer (CEO) effective 1 September 2020. El Hamamsy joins ODH from McKinsey & Company where he is a Senior Partner in the Middle East office and was previously in the Belgium office. In his 18 years at McKinsey, he led many practices including Travel and Transport. In his client work, his main focus was leading comprehensive transformations of multi-national companies in the Middle East and Europe. He also worked on a number of cross-border acquisitions and integrations for these companies. His clients at McKinsey spanned many sectors and he supported them on topics ranging from strategy, organization, sales and marketing, operations, and finance. Prior to joining McKinsey, El Hamamsy worked for six years at AT&T's Bell Labs in the US where he was managing a global engineering team for wireless product development. He holds a master's degree from Stanford University.
Orascom Development Holding AG is a Switzerland-based company engaged in the real estate sector. Through its subsidiaries, the Company develops and manages integrated towns, including hotels, private villas and apartments and leisure facilities, such as golf courses, marinas and supporting infrastructure. The Company operates through four segments: Hotels, which involves provision of hospitality services in Company-owned hotels; Real Estate and Construction, which includes acquisition of undeveloped land and building of real estate; Land Sales, which comprises the Company's land transactions, and Destination Management, which provides facility and infrastructure services at operational resorts and towns. The Company operates more than 30 hotels and controls approximately 101 million square meters of land. Its portfolio includes touristic destinations in Egypt, the United Arab Emirates, Jordan, Oman, Switzerland, Morocco, Montenegro and the United Kingdom.
ORASCOM DEVELOPMENT HOLDING AG 
