Orascom Development
Orascom Development is one of the world's leading developers and operators of cities and holiday resorts. The success story began with El Gouna, a holiday village on the Red Sea. El Gouna has set new standards for holiday areas and is now a perfect example of the values and standards that make the projects of Orascom Development unique: careful choice of the location; well thought out infrastructure and planning; a sustainable and environmentally-friendly layout and operation; a solid financing model paired with the permanent increase in value of the properties. These characteristics have made El Gouna into one of the most exclusive and desirable holiday locations in Egypt.
On this basis, Andermatt will become a holiday resort that enchants through its natural beauty and its unique charm. Since laying the foundation stone for El Gouna 20 years ago, Orascom Development has developed numerous holiday resorts on three continents including sites in Egypt, Oman, the United Arab Emirates, Morocco and Jordan. Orascom Development is now applying its successful approach in Europe: Andermatt , Switzerland; Cornwall, England; Montenegro. Orascom Development AG is listed on the stock market in Zurich and has its head offices in Altdorf, Canton Uri.
