Company Profile

Orascom Development Holding (ODH) is a leading developer of fully integrated destinations, including hotels, residential units and leisure facilities such as golf courses, marinas and supporting infrastructure. ODH offers a diverse portfolio of world-class destinations covering Egypt, the United Arab Emirates (UAE), Oman, Morocco, Montenegro, Switzerland and the United Kingdom (UK). The group operates a total of 33 hotels with 7,198 rooms and controls approximately 101.4 million sqm of land.

Board Of Directors

Naguib S. Sawirs Chairman

Mr. Naguib S. Sawiris drives the asset management of a multinational private investment portfolio. He is also an active venture technology investor. Mr. Sawiris serves as the Chairman of the Board at Orascom Development Holding AG (May 2022 - to present). Mr. Sawiris also served as Vice Chairman of the Board at Orascom Development Holding AG (2020 – May 2022; Member of the Board 2016 – 2020), as well as Member of the Board at Andermatt Swiss Alps AG (2020 – present). He also serves as Key Shareholder Representative at FTI Touristik GmbH (2021 – present) and Member of the Board of Tawkify (2019 – present). Mr. Sawiris is Founding Chairman of the Board of Trustees at Egyptian Leadership Academy (2021 – present), the first non-profit boarding high school in Egypt. Mr. Sawiris was Founder and CEO at Yup Technologies Inc., an education technology company based in San Francisco (2013 – 2020), and serves as Chairman of the Board (2020 – present). He attended Stanford University, majoring in Economic and Enterprise Engineering.  

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Eskandar Tooma Member

Eskandar Tooma is a tenured professor of finance with the School of Business at the American University in Cairo. He also held a visiting professorship position with the Imperial College's Business School in London, England. Mr. Tooma was a Senior Advisor to the Egyptian Capital Market Authority (2005-2007), as well as a member of a variety of committees including the EGX30 Index Committee (2006), the Market Advancement Committee at the Egyptian Stock Exchange (2006),  a member of the Derivatives and Commodities Exchange Committee with the Ministry of Investments (2007) and a consultant to the Ministry of International Cooperation in order to document Egypt's Debt Swap Experience (2004).  Mr. Tooma sat on the boards (as a non-executive member) of several EGX/LSE listed companies, including Telecom Egypt (2015-2017), Vodafone Egypt (2015-2019), Egyptian Resorts Company (2009-2019), Madinat Nasr for Housing and Development (2013-present) and the oversight board of the HSBC Egypt's money market fund (2015-present). He was already a member of the Board of Directors of the Company from 2013 until 2016 and served as the Chief Financial Officer of the Company on an ad-interim basis from 2013 until 2016. Eskandar Tooma obtained his bachelor's degree in business from the American University in Cairo and Adelphi University. He holds two master's degrees, the first in finance and the second in international economics from Adelphi and Brandeis Universities, respectively. He also holds a PhD in finance from Brandeis University.

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Franz Egle Member

Mr. Franz Egle’s background lies in strategic development, public affairs, corporate communications, media and PR. After holding senior positions in the private sector, he became head of communications at the Swiss Federal Department of Foreign Affairs and an advisor to the Minister of Foreign Affairs from 1993 to 1998. Between 1999 and 2006, Mr. Egle was a partner of Hirzel.Neef.Schmid.Konsulenten, a communication and financial consultancy company. He is the co-founder and a member of the board of directors of Dynamics Group, a Swiss company providing strategic consulting, communication management and research analysis since 2006. Mr. Egle is also a member of the board of directors of Andermatt Swiss Alps AG (since 2007). He holds a doctorate in sociology from the University of Zurich.

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Jürgen Fischer Member

Mr. Jürgen Fischer provides senior management and leadership support for the hospitality, travel, leisure and real estate industries. Since the end of 2020, he has been acting as an advisor to the management of FTI/Meeting Point, a German tour operator. Previously, Mr. Fischer was the founder and the managing director of The Pearl Management Consultants, Dubai (2014 to 2019), he served as a non-executive director on the board of Azizi Developments and was the non-executive chairman of Mövenpick Hotels and Resorts (2008 to 2018). From 2008 to 2014, Mr. Fischer worked for several subsidiaries of Dubai Holding, including CEO of Dubai Properties LLC. He held several senior positions with Hilton International Hotels, including president of commercial operation, president for Europe, Middle East and Africa, and president of Scandic Hotels AB. He also had senior management roles in Florida and Paris (from 1989 to 1995) at the Walt Disney Company. Mr. Fischer started his professional life as a chef. He later graduated from the Ecole Hôtelière de Lausanne, Switzerland and obtained an MBA with honors from IMD/IMEDE.

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Omar Tazi-Riffi Member

Amine Omar Tazi-Riffi  is a former Senior Partner of McKinsey, based in the Geneva and Zurich offices. During his nearly twenty-five-year career at McKinsey, Amine Omar Tazi-Riffi served leading institutions and governments, both in Switzerland and in emerging economies (mainly in the Middle East, Africa and Central & Eastern Europe). He is the founder of the North & West Africa practice and co-led its expansion on the continent. He also served as co-leader of the Global Energy & Mining, Infrastructure & Logistics, Telecom & High-Tech practices as well as the regional leader for the Public & Social Sector practice in Europe, Middle East and Africa. He has extensive experience in the Travel & Hospitality sector both as a consultant and in the PE space. Mr. Tazi-Riffi is now a senior advisor with GlobalSouth Partners, Advisory & Investments in Dubai and collaborates with PE platforms in the Middle East & Africa. He is the founder and Executive Chairman of Rolling Laser Solutions, Switzerland (2019-present). He also serves on the Board of Directors of Lonrho, UK/South Africa (2020-present), Togo Telecom (2021-present) and on the Advisory Board of FTI Finanzholding, Germany (2021-present). Mr. Tazi-Riffi holds a BSc. and MSc. in Electrical Engineering & Telecommunications from Ecole Polytechnique Fédérale de Lausanne (EPFL); an MSc. in Electrical Engineering & Computer Science from MIT; and an MBA from INSEAD.

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Maria Rioumine Member

Maria Rioumine (British citizen, resident in the United States) is CEO and Founder of Kojo, a software company based in San Francisco, United States, that is modernizing the processing of building materials and has received $84 million in funding to date from investors including Tiger Global and Tishman Speyer. She also co-founded Real Capital Innovation, a financial technology company providing financial forecasting solutions to institutional investors, which was acquired by Addepar in December 2020. She was previously Chief of Staff to Joe Lonsdale, Co-Founder of Palantir, and helped him build 8VC, a venture capital fund with over $3.5bn in assets under management. Rioumine formerly worked in Investment Banking at Goldman Sachs focused on the Real Estate, Healthcare, and Consumer sectors.  Maria Rioumine holds an MA in Philosophy, Politics, and Economics from Oxford University, where she was also President of the Oxford Union.  

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Omar El Hamamsy Group Chief Executive Officer and member of the executive management, Orascom Development Holding

Omar El Hamamsy leads Orascom Development Holding’s organization (ODH) across seven countries and nine destinations.

 " I am excited to be part of Orascom Development’s incredible and unique story. Every day I feel the energy and motivation of all our people to create unique business and leisure destinations all around the globe. " 

Omar El Hamamsy leads Orascom Development Holding’s organization (ODH) across seven countries and nine destinations. Since he became the Group CEO of ODH in 2020, El Hamamsy has led a strategic and cultural transformation to build a preeminent developer of a real estate and tourism institution powered by a committed and enthusiastic team and visionary projects.

Before joining ODH, El Hamamsy was a Senior Partner at McKinsey & Co, with twenty-five years experience in multinational line roles and management consulting, sales & marketing and active start-up investing across many continents.

El Hamamsy is a member of the regional Board of Directors of “Injaz Al-Arab” and a member of Junior Achievements Worldwide, a non-profit organization focused on youth education.

El Hamamsy holds a Master of Science degree in Electrical Engineering from Stanford University. He is an avid pilot in his free time.

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Ashraf Nessim Group Chief Financial Officer and member of the executive management, Orascom Development Holding

Ashraf Nessim leads and manages the financial actions and strategies across ODH destinations.

 " I’m fascinated by the visionary projects and missions within the whole Orascom Group. I’m proud to be part of this unique company and to dedicate my know-how and experience to the group. " 

Ashraf Nessim leads and manages the financial actions and strategies across ODH destinations. Nessim has held the position of Chief Financial Officer of Orascom Development Holding (ODH) since 2017 and of Orascom Development Egypt (ODE), the largest Egyptian subsidiary of the Group, since 2012. 

Nessim has more than twenty-five years of experience in various industries and business areas including finance, infrastructure, and hospitality.

Prior to joining ODH, Nessim was the Chief Financial Officer in various well-known and established companies like Beltone Private Equity or Mobiserve, a key player in the mobile telecom network infrastructure in nine countries within the Middle East and South Asia. Prior to shifting his career to finance, he established the operation of Raya Distribution in Algeria and managed merchandising activities in all thirty-four shops of Nokia and Samsung in Egypt from 2004 until 2006. 

Nessim holds a bachelor’s degree in mechanical engineering, and he is also one of the earlier people in Egypt having achieved the CFA designation in 2004. 

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MARION QUIDOR Group Chief Commercial and Strategy Officer

As Chief Commercial and Strategy Officer, Marion Quidor oversees the development of ODH strategic agenda at group level and leads the Commercial Center of Excellence that drives commercial and marketing best practices across destinations. 

"I feel very privileged to be part of Orascom Development’s journey: I am truly amazed by the unique history of the Group and very excited by the opportunities ahead of us and the path forward."

As Chief Commercial and Strategy Officer, Marion Quidor oversees the development of ODH's strategic agenda at group level and leads the Commercial Center of Excellence that drives commercial and marketing best practices across destinations. 

Marion joined ODH after a six-year experience in the hospitality industry at the InterContinental Hotels Group (IHG), where she was successively Vice President Global Strategy, Chief of Staff to IHG Group CEO and, last, Vice President in charge of the Luxury Loyalty program and Alliances. 

Prior to her experience at IHG, Marion was an Associate Partner at McKinsey & Co, where she served global clients on multiple Strategy and Commercial projects across the world.

Marion started her career in the Consumer Goods sector at Kraft Foods France (now known as Mondelez), where she held successive Brand leadership positions within Kraft’s Coffee Marketing organization between 2000 and 2006.  

Marion is French and a graduate from Sciences Po, where she also earned a Master Degree in Marketing Research and Strategy.

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Ahmed Dessouky Group Chief Business Development Officer, Orascom Development Holding

As Orascom Development Holding’s Chief Business Development Officer.

" The Orascom family’s energetic, entrepreneurial, and creative qualities are truly inspirational. It is a privilege to be working alongside such a talented group of individuals and to provide our customers with superb quality, value, and service across all our developments and destinations. "

As Orascom Development Holding’s Chief Business Development Officer, Ahmed leads and advances large-scale business development opportunities including investments, M&A, joint ventures, divestitures, partnerships and strategic alliances. Ahmed’s coverage includes all of ODH’s destinations across seven countries.

Before joining ODH, Ahmed was the Co-founder and Managing Partner of HC Equity Partners. Ahmed previously worked in private equity with Lone Star Funds and Silverpeak Partners in Chicago and New York, respectively. Prior to that, he was an investment banker at the Deutsche Bank in New York covering companies in the real estate, gaming, lodging and leisure sectors. Ahmed’s coverage also included both traded and non-traded equity and mortgage REITs across various real estate asset classes (i.e. office, retail, multifamily, industrial, hospitality, data storage, et cetera). Ahmed began his career with Deutsche Bank in New York working on greenfield investments in the energy and infrastructure sectors where he invested in the construction of multiple midstream assets for MLPs.

Ahmed earned a Bachelor of Science in Finance from the University of Virginia McIntire School of Commerce and an MBA with Distinction from the University of Chicago Booth School of Business.

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Ahmed Shabana Group Chief Digital Officer , Orascom Development Holding

Dr. Shabana leads the group digital transformation strategy and implementation across ODH destinations

" I am thrilled to join this incredible team who has both pride and passion in its quest for delivering a unique customer experience. "

Dr. Shabana leads the group digital transformation strategy and implementation across Orascom Development Holding (ODH) destinations and hotels since his appointment as Chief Digital Officer of ODH in 2021.

He started his career at IBM before pursuing his doctoral studies. He later taught at Texas A&M University for 7 years before joining the Advisory practice at Ernst and Young LLP in 2000. He joined the Partnership in 2004 and served clients in the financial services and Telecommunications sectors in the US and Switzerland. In the Middle East, he served Commercial and Governmental clients. He joined IBM Middle East in 2015 as a Smarter Government leader for Saudi Arabia and was involved in several of the Kingdom’s large digital transformation initiatives. He is fluent in Arabic, English, French and Spanish.

Shabana holds a Ph.D. in Information Systems from the University of California-Los Angeles (UCLA) and an MBA from the American University in Cairo.


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Frank Konings Group Chief Technical Officer, Orascom Development Holding

Frank leads the Technical Center of Excellence to ensure best practices are implemented across ODH’s destinations.

" I feel privileged and excited to be part of an inspirational and ambitious team led by a strategy in creating unique and future-proof communities across our destinations. "

Frank leads the Technical Center of Excellence to ensure that best practices be implemented across ODH’s destinations. Since he became the Group Chief Technical Officer (CTO) in 2021, Frank has led a strategy to reduce the engineering, construction and procurement costs of the group. Frank joined Orascom Development in 2018 as Chief Technical Officer for Eco Bos Development. He brought over thirty years of experience in the development and management of large-scale building & infrastructure projects.

Before joining ODH, Frank worked in Dubai for six years with Dubai Properties Group as Chief Officer Project Execution, with Damac properties as Sr. VP Projects and for Nakheel as Development Director of the Waterfront City project. From 2009 till 2014, Frank led the technical division of SODIC, overseeing the development, design, procurement and delivery of a diversified project portfolio.

He held the position of CEO for KLIA Strategic Planning in Malaysia where he was in charge of delivering major infrastructure projects in Malaysia, Thailand and Hong Kong. 

Frank holds a bachelor's degree in Architecture from the University of Applied Sciences, Amsterdam.

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Tarek Gadallah General Legal Counsel and member of the executive management, Orascom Development Holding

Tarek Gadallah leads and develops the corporate legal strategy across ODH destinations.

"Legal frameworks give the guidelines for every entrepreneurial activity. I do my best to equip and prepare the ground for Orascom Development’s great projects and visions. "

Tarek Gadallah leads and develops the corporate legal strategy across Orascom Development Holding (ODH) destinations. Gadallah has been serving as the General Counsel of ODH since 2017. His extensive experience in project financing, mergers and acquisitions, private equity, restructuring debts and equity capital markets transactions allows him to oversee ODH’s dynamic growth and market development all over the world.

Before joining ODH, Gadallah was a senior partner with a top-tier law firm in Egypt, where he advised local and international clients on high value, complex, and cross-border transactions across a wide range of industries, including financial services, real estate, tourism, energy and pharmaceuticals. He also advised public companies on regulatory, compliance and corporate governance issues. 

Prior to his private practice, Tarek Gadallah worked as the Group General Counsel of Naeem Holding investment bank from 2006 until 2009. 

Gadallah received his Master of Law from Cairo University and then followed an executive education in accounting and finance from Wharton Business School and Cambridge Judge Business School. 

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Tarek Kamel Chief Executive Officer, O West and member of the executive management

Tarek Kamel leads O West’s overall strategic direction.

"It is an honor and privilege to be part of Orascom Development’s incredible family. I’ve been fortunate to work closely with several teams across our different destinations "

Tarek Kamel has led O West’s overall strategic direction, business operations and plans since April 2021 by providing leadership and expertise to guide O West's development through the next phase of growth.

Kamel was the CEO of El Gouna since 2019, where he successfully integrated the destination’s three business segments. He led the destination’s real estate growth and enabled the destination’s business units to operate with higher autonomy which resulted in considerable improvement in the town operations and commercial results. 

Before joining Orascom Development, 

Kamel was the Corporate Sales Director for the North East Africa region at Nestle for more than sixteen years during which he moved between different positions including marketing, sales and business management.

Kamel obtained a bachelor’s degree from Cairo University with a major in economics and a minor in political science in 1997. He holds a Master's degree in business administration with a marketing focus from Maastricht School of Management. 

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Maher Maksoud Regional Chief Executive Officer, Lustica Bay and Eco-Bos

Maher Maksoud leads Eco Bos and Lustica Bay destinations

"I am delighted to be part of ODH again after it has achieved so much in the past years. I am excited to work with its diverse, dynamic and ambitious management team and I hope I will play a small part in the realization of its vision. " 

Maher Maksoud leads Eco Bos and Lustica Bay destinations, subsidiaries of Orascom Development Holding. Since he became the CEO of Eco Bos in 2018, Maksoud has managed an efficient and highly qualified team combining international industry experience with local Cornwall knowledge — essential to the delivery of the Eco-Bos project pipeline.

Since his appointment as the CEO of Lustica Bay in 2020, Maksoud has led the destination and provided the leadership and expertise to guide Lustica Development through the next phase of growth. Maksoud also served as the Vice President of ODH for three years.

Before joining Orascom Development Holding, Maksoud was the Vice Chairman and CEO of SODIC, where he oversaw its transformation into one of Egypt’s most respected publicly listed real estate companies. 

Maksoud has also had successful entrepreneurial experiences as he developed and subsequently sold a number of medium-sized businesses in the food retail, production and restaurant sectors. 

Maksoud holds a B.A. in economics from the American University in Cairo and an M.Sc. (Econ) from the London School of Economics. 

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Raphael Krucker Chief Executive Officer, Andermatt Swiss Alps AG

Raphael Krucker leads Andermatt Swiss Alps

"It’s inspiring to be part of a unique multifunctional organization with a clear vision towards our employees, partners, customers and guests. My goal is to develop, together with my team, the Andermatt Swiss Alps into a sustainable year-round Prime Alpine Destination. "

Raphael Krucker leads Andermatt Swiss Alps. He is a well-rounded experienced leader with strategic and operational skills. He has extensive experience in management and leadership roles, entering and expanding new markets, developing diverse teams and launching products and services through multiple channels. Raphael has more than twenty years of international experience and a strong track record in creating lasting impact.

Prior to joining the Andermatt Swiss Alps Group, he was in charge of the Australia-based Oceania region for Bühler Group as its managing director. Starting from 1995, Krucker worked for the Bühler Group in various positions and countries around the world. He began his career as the project manager responsible for the planning and execution of major projects, mainly in Asia and Europe. This was followed by positions as area sales manager, head of customer service and business development manager. In 2014 and 2015, he was also the managing director responsible for the sales and service organizations in Pakistan and Nigeria. 

Krucker studied mechanical engineering in St. Gallen and continued his executive-manager training at the IMD Business School in Lausanne. He also completed the Management Advancement Program at WITS Business School in South Africa.

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Tamer Dewidar Chief Executive Officer, Makadi Heights and Byoum

Tamer Dewidar leads Makadi Heights and Byoum’s overall strategy and transformation plan from concept.

"I feel privileged to be part of Orascom Development’s family for more than six years, a place where you get a chance to learn and take big responsibilities every day. The potential behind Makadi Heights and Byoum is phenomenal and my goal is to develop, together with my team, both destinations into leading all-year-round destinations."

Tamer Dewidar leads Makadi Heights and Byoum's overall strategy and transformation plan and thus manages the concept, marketing, sales, on-time delivery schedule, customer satisfaction, town management and profitability. 

Since he became the CEO of Makadi Heights in 2020, Dewidar has led Makadi Height’s real estate growth which had a remarkable contribution to Orascom Development’s strategy and improved profitability of the group.

Dewidar joined Orascom Development Egypt (ODE) in 2015 as its Head of Sales. With the sales team, he managed to take the company’s real estate sales from EGP 420.0 million in 2015 to EGP 3.0 billion in 2018. In 2019, he successfully established and directed the sales force for O West.

Before joining Orascom development, Dewidar was the co-founder and managing director at Aspire Estates. He previously held the positions of Senior Sales Manager in SODIC and Head of Corporate Sales at Emaar Misr. Dewidar spent three years of his career with Coldwell Banker between Egypt and UAE.

Dewidar holds a Bachelor’s Degree in International Business from Sadat Academy in collaboration with New Brunswick University Canada. Moreover, he acquired a Bachelor of Science (B.Sc.) in International Business Administration in 2004.

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Joachim Schmitt Chief Executive Officer, Orascom Hotels Management

Joachim Schmitt leads the executive management of Orascom Hotels Management

"I feel privileged to have been part of our growth over the last ten years. The beauty of our destinations and the diversity of our hotels, combined with the rich cultural differences between them, make working at Orascom an incredibly rewarding experience. "

Joachim Schmitt leads the executive management of Orascom Hotels Management (OHM), a subsidiary of Orascom Development Group, with 33 hotels across six destinations in seven countries. Joachim joined Orascom in 2012 as VP Operations and was promoted to CEO of Orascom Hotels Management in 2018. Joachim has since led the implementation of Board strategy and policies across the group’s hotels. 

He looks back on a career spanning thirty five years in hospitality. Before joining Orascom Hotels Management, Joachim worked in Germany, Australia, Turkey, India, Sri Lanka, China and Egypt with international hotel companies such as Kempinski, Intercontinental, Oberoi, Four Seasons and Maritim.

Joachim holds a diploma from Munich college of hotel management and completed a certificate course in Hotel Real Estate and Asset Management with Cornell University. 

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