Led by Egyptian billionaire Sawiris family, Orascom Development reports $17.9 million in profit in Q1 2022
Orascom Development offers a portfolio of world-class destinations around the world.
Orascom Development offers a portfolio of world-class destinations around the world.
Switzerland-based mountain resort company, ASA is majority-owned by Samih Sawiris.
He will be exiting the position after almost 30 years at the company’s helm.
Sawiris also proposed to establish an umbrella organization to support businessmen from the two countries.
The Egyptian Transport Ministry has unveiled a plan to introduce a rail line linking Alexandria and Khartoum.
Sawiris was awarded honorary citizenship for his contribution to tourism in the resort town of Andermatt.
Egyptian billionaire businessman Naguib Sawiris has stepped down from his role as the chairman of Orascom Investment Holding.