
Egyptian billionaire Naguib Sawiris supports brother’s decision to relocate investments to Saudi Arabia
Naguib Sawiris has defended his brother Samih’s statements on the difficulty of doing business in Egypt.
Naguib Sawiris has defended his brother Samih’s statements on the difficulty of doing business in Egypt.
Sawiris, along with his brothers Nassef and Naguib Sawiris, is one of Egypt’s wealthiest businessmen.
Sawiris is a leading Egyptian billionaire and a member of the wealthy Egyptian Sawiris family.
The family’s combined wealth includes the fortunes of Naguib, Samih, and Nassef Sawiris.
Among them is Zimbabwe’s richest man Strive Masiyiwa, the world’s 2,257th wealthiest person.
The Egyptian billionaire has seen a steady decline in his wealth since 2008.
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.