Egyptian billionaire Naguib Sawiris expands Orascom's gold mine investments to $1.5 billion
Billionaire Naguib Sawiris expands Orascom's gold investments to $1.5 billion amid rising global demand from China and Russia.
Billionaire Naguib Sawiris expands Orascom's gold investments to $1.5 billion amid rising global demand from China and Russia.
The surge comes as a welcome development for Sawiris after witnessing a dip in his wealth below $6 billion earlier this month.
Sawiris’ decision to invest in Iraq’s real estate development marks a significant move nearly two decades after his investment in the country’s telecom sector.
The announcement came during a meeting between Egypt’s second-richest man Naguib Sawiris and Uzbek President Shavkat Mirziyoyev.
Orascom Investment Holding maintains investments in the telecom, media, and technology sectors.
Orascom Investment Holding maintains investments in the telecom, media, and technology sectors.
Orascom Investment Holding reported a consolidated profit of $4.83 million in the first half of 2022.
Egyptian billionaire businessman Naguib Sawiris has stepped down from his role as the chairman of Orascom Investment Holding.