Orascom Development Holding AG
Omar El Hamamsy has served as ODH’s Group Chief Executive Officer since September 2020, and he is a member of the Executive Management. He is also the CEO of Orascom Development Egypt, ODH’s largest subsidiary, and a member of its Board of Directors.
El Hamamsy is leading the company’s strategic and cultural transformation to build a preeminent, multinational master developer of integrated destinations powered by an ambitious and resourceful team.
El Hamamsy joined Orascom Development Holding from McKinsey & Company where he was a Senior Partner in the Middle East office and was previously in the Belgium office. In his 18 years at McKinsey, he led several practices and worked with clients across many sectors to support them on topics ranging from strategy, organisation, sales and marketing, operations, and finance. He was primarily responsible for leading comprehensive transformations of multinational companies in the Middle East and Europe. He also worked on several cross-border acquisitions and integrations for these companies. 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.
El Hamamsy has been on the regional board of directors of Injaz Al-Arab (a member of Junior Achievement Worldwide) since 2007, a non-profit organisation focused on youth education. El Hamamsy currently also acts as a consultant to the family office of Mr. Samih Sawiris, with respect to certain other investments including FTI Group, Raiffeisen Touristik, and Andermatt Swiss Alps.
He holds a master’s degree in electrical engineering from Stanford University.
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Orascom Development Holding AG
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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; hotels; private villas and apartments; and leisure facilities, notably golf courses and marinas. Its activities are divided into five segments: the Hotels segment involves operations related to hotels; the Real Estate and Construction segment involves acquiring land banks and constructing residential real estate; the Destination Management segment maintains finished construction projects; the Land Sale segment manages land transactions; and the Other Activities segment includes mortgage financing, development and management. Its portfolio includes touristic destinations in seven countries: Egypt, the United Arab Emirates, Jordan, Oman, Switzerland, Morocco, Montenegro, and the United Kingdom. The Company's wholly owned subsidiaries include Orascom Hotels and Development in Egypt.