Nassef Sawiris’ Orascom Construction in talks on $1.5-billion plant as Egypt faces water scarcity
The move comes in the wake of a water crisis that has left Egypt and its neighbors struggling.
Orascom Construction
Orascom Construction, controlled by billionaire Nassef Sawiris, moves to acquire equipment distribution business
Orascom Construction is a leading global engineering and construction contractor.
Egyptian billionaire Nassef Sawiris earns $8.8 million as Orascom shares rebound
The $8.8-million gain was due to Orascom Construction’s share performance on the Egyptian Stock Exchange.
Nassef Sawiris’ stake in Orascom Construction drops by $10 million in one month
The company’s share price on the Egyptian Stock Exchange lost six percent of its value since early May.