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Orascom Development Holding AG — Regulatory Filings 2012
Oct 29, 2012
946_rns_2012-10-29_4a1de970-616a-43f7-bbe4-917bfb94afc9.html
Regulatory Filings
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Corporate | 29 October 2012 06:55
Orascom Development Holding AG: Technische Universität Berlin is opening a satellite campus in El Gouna
Orascom Development Holding AG / Key word(s): Alliance
29.10.2012 / 06:55
Press Release
Technische Universität Berlin is opening a satellite campus in El Gouna
The Technische Universität Berlin (TUB) yesterday celebrated the launch of its branch in El Gouna and the start of the first academic year. This is TUB's first branch outside Germany. The satellite campus offers three master studies for sustainable town development. The campus marks a milestone of education as well as of sustainable development in Egypt and will support the promotion of El Gouna as a self-sufficient town.
Altdorf/Cairo, 29 October 2012 – During the last two decades El Gouna has developed from a desert strip over a popular holiday destination to an integrated town with more than 20,000 inhabitants. Since yesterday El Gouna hosts another important scientific institution: the Technische Universität Berlin (TUB) opened its satellite campus. TUB is one of the global leading technical universities. The campus was built by Orascom Development Holding AG (Orascom Development) and realized thanks to the financial contribution of the Sawiris Foundation for Social Development. The complex spans an area of 10,000 square meters and encompasses a lecture hall, an exhibition and reader panel as well as seven seminar, office and laboratory buildings. The opening is the result of a successful collaboration between the Egyptian and German Ministries of Education, the TUB, Orascom Development and the Sawiris Foundation for Social Development.
TUB will initially offer students in El Gouna postgraduate degrees in Energy Engineering, Urban Development and Water Engineering. Besides the educational benefit, the scientific research will promote the themes of sustainable development across El Gouna, Egypt as well as the Middle East.
In terms of structure and content the studies follow the requirements of the German Higher Education Act. «The TUB Campus El Gouna is a tremendous enrichment to the strategy of our university in internationalization and further education», said Jörg Steinbach, President of the TUB. Samih O. Sawiris, founder and chairman of Orascom Development and member of the Sawiris Foundation, underlined the importance that Egyptian students receive the same quality of education locally as in Germany: «The German engineer is a special brand mark and Egyptian students will profit from the quality of education.»
About Orascom Development Holding AG
Orascom Development is a leading developer of fully integrated destinations that include hotels, private villas and apartments, leisure facilities such as golf courses, marinas and supporting infrastructure. Orascom Development's diversified portfolio of destinations is spread over nine jurisdictions (Egypt, UAE, Jordan, Oman, Switzerland, Morocco, Montenegro, United Kingdom and Romania), with primary focus on touristic destinations and budget housing. The Group currently operates six destinations; three in Egypt El Gouna, Taba Heights and Haram City, The Cove in United Arab Emirates and Jebel Sifah and Salalah Beach in Oman. Orascom Development has a dual listing, with a primary listing on the SIX Swiss Exchange and a secondary listing on the EGX Egyptian Exchange.
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Contacts Investor Relations**
**Till Leisner
**Head of Group Controlling & Investor Relations
Tel: +41 41 874 88 07
Email: [email protected]
Sara El Gawahergy
Investor Relations Manager
Tel: +2 01 205 205 218
Email: [email protected]
Media Contact
Daniel Göring
Head of Corporate Communication
Tel: +41 41 874 88 33
Email: [email protected]
Disclaimer & Cautionary Statement
The information contained in this e-mail, its attachment and in any link to our website indicated herein is not for use within any country or jurisdiction or by any persons where such use would constitute a violation of law. If this applies to you, you are not authorized to access or use any such information. Certain statements in this e-mail and the attached news release may be forward-looking statements, including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives. Forward-looking statements include statements regarding our targeted profit improvement, return on equity targets, expense reductions, pricing conditions, dividend policy and underwriting claims improvements. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and Orascom Development Holding AG's plans and objectives to differ materially from those expressed or implied in the forward looking statements (or from past results). Factors such as (i) general economic conditions and competitive factors, particularly in our key markets; (ii) performance of financial markets; (iii) levels of interest rates and currency exchange rates; and (vii) changes in laws and regulations and in the policies of regulators may have a direct bearing on Orascom Development Holding AG's results of operations and on whether Orascom Development Holding AG will achieve its targets. Orascom Development Holding AG undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise. It should further be noted, that past performance is not a guide to future performance. Please also note that interim results are not necessarily indicative of the full-year results. Persons requiring advice should consult an independent adviser.
End of Corporate News
29.10.2012 This press release was distributed by EQS CORPORATE COMMUNICATIONS.
www.eqs.com – news archive: www.eqs.com/ch/presskit
The issuer is responsible for the contents of the release.
| Language: | English |
| Company: | Orascom Development Holding AG |
| Gotthardstraße 12 | |
| 6460 Altdorf | |
| Switzerland | |
| Phone: | +41 41 874 17 17 |
| Fax: | +41 41 874 17 07 |
| E-mail: | [email protected] |
| Internet: | www.orascomdh.com |
| ISIN: | CH0038285679 |
| Swiss Security Number: | A0NJ37 |
| Listed: | Foreign Exchange(s) SIX |
| End of News | EquityStory AG News-Service |
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| 190399 29.10.2012 |