Egypt Billionaire Sawiris Family to Invest Like Never Before

July 21, 2013 1:43 pm

Go Investment 1374415401sawiris Egypt Billionaire Sawiris Family to Invest Like Never Before Egypt News

Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, said he and his brothers will be “investing in Egypt like never before”

The Orascom group of companies is one of the biggest private sector employers in Egypt – providing more than 100,000 Egyptians with jobs according to Sawiris, who now runs a new investment firm Orascom Telecom, Media and Technology,

“My family and myself are going to be investing in Egypt like never before – any new projects where we can invest, any new factories that we can open, any new initiatives that will provide jobs for the young people of Egypt,” he said, although he did not give any specifics.

“I am very very sure that Egypt will come back very strongly now,” he said

Alongside OCI which has cement and fertilizer plants and an international construction business, a third brother, Samih Sawiris, runs Orascom Development Holding (ODHN.S), operating tourists resorts and real estate projects in Egypt and Europe.

Sawiris said international businesses should invest now, while many are still nervous about prospects.

“I know it is going to be stable, so you always make the most of your money when you move first,” he said.

 

Egypt Developments

Imperial Resort Hurghada

exclusive new launch

Go Investment Imperial-Resort-Hurghada-3-3-700x473 Imperial Resort Hurghada
From £17,900

Imperial Resort Hurghada pool view apartments from only £17,900

5% deposit & Deposit Discount Scheme available

Exclusive boutique Bali Themed Resort

Infinity Roof top pool & heated pool for Winter months

Latest completed development

2 & 3 bedrooms available

Go Investment Aqua-Tropical-Resot-2-1-700x466 Latest completed development
From £44,032

Only 30% deposit required

Monthly payments & Interest Free over 36 months

Apartments and resort complete

Limited apartments available