DGAP-News: Orascom Development Holding AG: Technische Universität Berlin is opening a satellite campus in El Gouna
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Orascom Development Holding AG: Technische Universität Berlin is
opening a satellite campus in El Gouna
29.10.2012 / 06:55
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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.
Contacts Investor Relations
Till Leisner
Head of Group Controlling&Investor Relations
Tel: +41 41 874 88 07
Email: ir(at)orascomdh.com
Sara El Gawahergy
Investor Relations Manager
Tel: +2 01 205 205 218
Email: ir(at)orascomdh.com
Media Contact
Daniel Göring
Head of Corporate Communication
Tel: +41 41 874 88 33
Email: media(at)orascomdh.com
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
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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.
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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: ir(at)orascomdh.com
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
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Datum: 29.10.2012 - 06:55 Uhr
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