FY 2012 Annual Report - Orascom Development
FY 2012 Annual Report - Orascom Development
FY 2012 Annual Report - Orascom Development
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
2 <strong>Orascom</strong> <strong>Development</strong> <strong>2012</strong> <strong>Annual</strong> <strong>Report</strong> 3<br />
1. <strong>Orascom</strong> <strong>Development</strong> in <strong>2012</strong><br />
1.1 Key Events<br />
January<br />
April<br />
July<br />
October<br />
El Gouna hosted five soccer camps, promoting the destination as a<br />
professional training location for European and local soccer clubs.<br />
From 8-13 April El Gouna hosted the international squash open, one of the<br />
most important PSA World Tour Events.<br />
Salalah Beach becomes an operating destination with the opening of the Juweira<br />
Hotel. Ahmed El Shamy appointed new CFO of <strong>Orascom</strong> <strong>Development</strong>.<br />
Inauguration of the satellite campus of Technische Universität Berlin marks<br />
educational milestone for El Gouna.<br />
February<br />
May<br />
August<br />
November<br />
Several hotels in El Gouna and Taba Heights named in TripAdvisor<br />
Travellers` Choice Awards.<br />
Signed management agreements with Club Med and Melia to develop a<br />
hotel in our destination Chbika, Morocco.<br />
Signed management agreement with Swedish company SkiStar to operate<br />
the ski arena Andermatt-Sedrun.<br />
Completion of core and shell of the first villa in Andermatt, construction<br />
work of the first two apartment houses on the Podium is well under way.<br />
March<br />
June<br />
September<br />
December<br />
<strong>Orascom</strong> <strong>Development</strong> celebrated the soft opening of the marina<br />
in Jebel Sifah.<br />
Opening of the golf driving range in Luštica, Montenegro, with Gary Player<br />
being awarded to design the future golf course.<br />
Successful sale of 73 apartments ensures completion of The Chedi<br />
Andermatt on time.<br />
Stuart N. Siegel appointed new Chief Real Estate Officer with more than<br />
25 years of experience in the real estate industry.
Change language