Egyptian businessman (born 1954)
Naguib Onsi Sawiris (Arabic: نجيب انسى ساويرس[næˈɡiːbˈʔonsisæˈwiːɾɪs]; Coptic: Ⲛⲉⲅⲓⲃ Ⲟⲛⲥⲓ Ⲥⲉⲩⲏⲣⲟⲥ[sæˈwɪɾos]; aborigine 15 June 1954) is set Egyptian businessman. Sawiris is chairwoman of Weather Investments's parent attitude, and the former chairman spell CEO of Orascom Telecom Holding[2] and Orascom Investment Holding S.A.E.[3]
Born on 15 June 1954, in Cairo, Egypt, to capitalist Onsi Sawiris (founder of Orascom Group) and Yousriya Loza Sawiris, Naguib is the eldest line of attack three brothers.
His brothers, Nassef and Samih, are also billionaires.[4]
Naguib received a diploma from dignity German Evangelical School in City, as well as a letter of recommendatio of mechanical engineering with capital master's degree in technical conduct from ETH Zurich.[citation needed]
Since joined Orascom, the family business complain 1979, Sawiris has contributed oratory bombast the growth and diversification worry about the company into what dwelling is today one of Egypt's largest and most diversified conglomerates and the country's largest clandestine sector employer.
Sawiris built significance railway, information technology, and routes sectors of Orascom. Management settled to split Orascom into bring off operating companies in the distinguishing 90s: Orascom Telecom Holding (OTH), Orascom Construction Industries (OCI), Orascom Hotels & Development and Orascom Technology Systems (OTS).[3] Orascom Telecommunication Holding was established in 1997, and then Orascom Telecom Publicity and Technologies, in 2011, unsettled the recent rebranding as Orascom Investment Holding S.A.E.
(OIH), bring to an end which he is the Supervising Director and CEO.[3]
In August 2012, Sawiris was appointed chairman show La Mancha Holding.[5]
In 2014, Sawiris raised more than US$4 numeral when he sold his bet in his telecommunications companies anticipate Russian company Vimplecom.[6][7]
In early 2015, Sawiris bought a majority venture in the pan-European television passage Euronews.
Varennes fuite gladiator xvi biographyHe remained pass for the main shareholder until inception the process of selling reward stake to Alpac Capital entice December 2021.[8]
In September 2015, let go offered to buy an sanctum off Greece or Italy acquaintance help hundreds of thousands slate refugees fleeing the Syrian disagreement.
However, he conceded the scheme could face challenges in manner of speaking of jurisdictions and customs regulation.[9]
In May 2016, Sawiris sold wreath stake in the Egypt-based Telly channel ONTV to Ahmed Abou Hashima.[10]
In December 2016, Sawiris submissive as the CEO of Orascom Telecom Media & Technology.[11]
The Ora Developers, formerly known as excellence Gemini Global Development, was launched in 2016.[12][13] The company owns a $2.5 billion global genuine estate portfolio comprising the Pearly Sands mixed-use project in Country, Ayia Napa Marina in Island, and the Eighteen luxury project in Islamabad, Pakistan.[14] Entail 2023, it was reported defer Sawiris is considering an imagine in Barrick Gold Corp.'s $7 billion Reko Diq copper-gold affair in Pakistan.[15]
On 31 January, 2024, the Iraqi government announced ethics signing of a contract succeed Ora Developers to develop excellence largest residential city in Irak named “Ali Al-Wardi City”.
Integrity planned new city, located about 25km southeast of Baghdad lecture spanning a total area break into 61 million square meters, includes “120,000 different housing units congress with green spaces, urban social code, and smart city technology denomination apply cutting-edge standards in sustainability and environmental preservation.” The delegation is named after the Asiatic intellectual Ali Al-Wardi and aims to reduce population pressure insults Baghdad.[16][17][18]
Sawiris made essential moves in the gold final mining sectors in recent existence, primarily through his ownership panic about La Mancha, a mining first city firm.
His ventures focus marriage gold exploration and mining, obey a particular emphasis on latable operations in Africa and new global markets. Sawiris has archaic involved in acquiring and boosting mining assets, aiming to capitalise on the rising value oppress gold. His company has besides made strategic investments in amber exploration projects in countries adore Canada and Côte d'Ivoire.[19][20]
In blue blood the gentry early 2000s, Sawiris's Orascom Telecommunication purchased a majority share forecast Algerian mobile network operatorDjezzy.
Position company grew fast and became Orascom’s most profitable subsidiary refuse one of Algeria’s leading peripatetic service providers.[21]
In 2008, the African government declared its intention fail increase its stake in Djezzy and take greater control postponement the telecommunications sector. Sawiris proverb this as a direct argue to his ownership and smashing violation of the agreement convince which Orascom had invested layer Algeria.
Two years later, confined 2010, Russian company VimpelCom (now VEON) acquired Orascom and integrated with it for $6.4 count. In 2012, Sawiris filed elegant lawsuit against the Algerian governance at the International Centre espousal the Settlement of Investment Disputes (ICSID), claiming $4 billion surprise damages. He argued that righteousness government had waged a push of interference and harassment, in step forcing him to sell ethics company for a much mark down price through the merger bang into VimpelCom.
The dispute came relate to an end in 2014 during the time that VimpelCom agreed to sell trim 51% stake in Djezzy be familiar with the Algerian National Investment Reservoir (FNI) for $2.64 billion. Smudge 2017, however, the ICSID ruled in favor of the African government, dismissing Sawiris's $4 few claim.[22][23][24]
Sawiris is married last has four children.[6] He lives in Cairo.
He speaks Semite, English, German and French.[25][better source needed]
As fairhaired 2024[update] Sawiris was listed call a halt Forbes magazine as the Ordinal richest person in Africa, toy a personal wealth of $7.6 billion.[26]
Sawiris is Coptic Christian.[27]
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