Orascom Development Holding AG
Wael Al Lawati joined Orascom Development in January 2023 as the CEO of Muriya, leading Orascom Development's communities in Oman: Hawana Salalah and Jebel Sifah.
In support of Orascom Development's ambition to be a pre-eminent, multi-national developer, Al Lawati will be responsible for setting the business agenda for the Group's Oman destinations, including leading the overall strategy in alignment with Orascom Development's strategy and leadership, facilitating delivery against the annual business plans and instilling best practices throughout these destinations. In addition, he will be an integral member of Orascom Development's Executive Committee, reporting directly to the Group CEO, Omar El Hamamsy.
Al Lawati brings a wealth of experience and proven track record of delivering results in tourism, real estate and other sectors. As a seasoned Omani National, he has held several other leadership positions including CEO of Oman Tourism Development Company (OMRAN) and founder of The Wave Muscat (AlMouj), where he successfully led Oman's first integrated tourism and real estate development. More recently, he served as COO for a real estate advisory and spearheaded international growth at DAMAC Properties. Additionally, Al Lawati was a board member of Muriya between 2008 and 2015.
Al Lawati was selected as a member of the Young Arab Leaders, a group of the top 500 Arab leaders, and was a board member of the Middle East Leadership Academy (MELA). He has previously served on the boards of the Oman Society of Engineers and the Oman Society of Contractors.
An engineer by background, he augmented this with a Real Estate Certification from Cornell University and Executive Education at Harvard Business School, IMD and INSEAD.
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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.