Annual Report - Orascom Development
Annual Report - Orascom Development
Annual Report - Orascom Development
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2 | consolidated financial statements | OHD <strong>Annual</strong> <strong>Report</strong> 2006<br />
<strong>Orascom</strong> Hotels and <strong>Development</strong><br />
(OHD) is a global town developer<br />
specialising in planning, building and<br />
operating integrated, self-sufficient<br />
tourist and residential towns around<br />
the world.<br />
Contents<br />
Year of Transformation 2<br />
Letter to Shareholders 4<br />
Growth in International Presence 8<br />
Investing in People 10<br />
Operational Review 12<br />
Existing Towns 14<br />
Projects Under <strong>Development</strong> 17<br />
Future Projects 21<br />
New Business 23<br />
OHD and the Environment 24<br />
Board of Directors 26<br />
Management Team 28<br />
Financial Review 30<br />
<strong>Report</strong> of the Directors 34<br />
Corporate Governance 36<br />
<strong>Report</strong> of the Audit Committee 38<br />
Auditors’ <strong>Report</strong> 39<br />
Consolidated Financial Statements 40
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