Orascom Development Holding AG, together with its subsidiaries, develops integrated towns in Egypt, UAE, Oman, Switzerland, Morocco, Montenegro, United Kingdom, and internationally. The company provides hospitality services in two- to five-star hotels. It also acquires land in undeveloped areas, as well as builds residential real estate and other facilities in stages. In addition, the company sells land and land rights to third parties. It provides facility and infrastructure services at operational resorts and towns. The company also rents investment properties; and offers mortgage, sports, hospital, educational, marina, limousine rental, laundry, and other services. Orascom Development Holding AG was formerly known as Orascom Hotels & Development AG and changed its name to Orascom Development Holding AG in February 2008. The company was founded in 1989 and is based in Altdorf, Switzerland. Orascom Development Holding AG operates as a subsidiary of LPSO Foundation Company.