Egyptian billionaire Naguib Sawiris proposes land sales to ease debt burden
Egyptian billionaire Naguib Sawiris urges state land sales in dollars to tackle Egypt’s $157-billion debt and boost foreign reserves.
Naguib Sawiris
Egypt’s second-richest man, Naguib Sawiris, is $2 billion richer this year
Naguib Sawiris adds $2 billion to his net worth, nears $9 billion with new investments in clean energy and mega real estate projects.
Egypt's Naguib Sawiris to invest $100 million in electric motorbike project in Morocco
Naguib Sawiris backs $100 million plan to electrify Morocco’s motorbike transport through affordable battery leasing with BluEV.
ORA Developers, led by Naguib Sawiris, begins Al-Wardi City project in Iraq
Ora Developers, led by billionaire Naguib Sawiris, has broken ground on Iraq’s Al-Wardi City, a major eco-focused housing and smart city project near Baghdad.
Naguib Sawiris leads $47 million Pyramids of Giza upgrade
This comes after growing complaints from tourists about poor management, aggressive traders, and disturbing reports of animal cruelty.
Naguib Sawiris, Egypt’s second-richest man, is $469 million richer this year
This follows a $500 million gain in 2024 when his fortune increased from $6.48 billion to $6.98 billion.
Naguib Sawiris calls on Egypt’s President to reevaluate mega-projects amid dollar shortage
Sawiris cautioned that the ambitious projects require substantial foreign currency, straining Egypt’s economy.
Egypt’s second-richest man, Naguib Sawiris’ net worth soars past $7 billion
With his net worth now at $7.27 billion, Sawiris remains Egypt’s second-richest man, trailing his younger brother, Nassef Sawiris, who is worth $8.99 billion.
Egypt’s 10 richest businessmen in 2025
Their influence extends far beyond their home country, driving investment, policy shifts, and innovation.
Nassef, Samih, and Naguib Sawiris to get $13.3 million from Orascom Construction
The payout comes as the company reaffirms its commitment to its shareholders amid economic pressures.
Egyptian billionaire Naguib Sawiris unveils $150 million hotel project in Cairo
Naguib Sawiris plans to invest $150 million in luxury hotels near Egypt’s iconic Pyramids, aiming to enhance the country’s tourism appeal.
Orascom Financial Holding reports $2.35-million Q3 loss as asset base declines
Orascom Financial Holding’s Q3 2024 financial results show a smaller loss compared to last year, but asset shrinkage and declining profits continue to challenge the company.
Naguib Sawiris unveils new digital news platform targeting emerging markets
Sawiris launches Moniify, a Dubai-based digital platform delivering emerging market business and finance news from a local perspective.
Naguib Sawiris adds nearly $600 million to fortune, maintains spot among Africa’s richest
The Egyptian billionaire’s wealth growth is attributed to the performance of his diversified investment portfolio.
Egyptian billionaire Naguib Sawiris warns of potential real estate bubble amid economic challenges
Egyptian billionaire and Ora Developers Chairperson Naguib Sawiris has expressed concerns over the potential of a real estate bubble in Egypt.
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.