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Orascom Development Egypt, founded by Samih Sawris, has secured a $356 million syndicated loan from three top Egyptian banks to accelerate its O West project.
Samih Sawiris once waited tables in Berlin. Today he is worth $1.4 billion, having built cities from scratch across four countries through Orascom Development.
Egyptian billionaire Samih Sawiris has joined UAE-based Al Nowais Investments and Egypt's Sunrise Group to deploy $235 million into a coastal tourism project in Essaouira, Morocco.
Egypt's Sawiris brothers have built a $16.6 billion empire spanning fertilizers, telecom, luxury tourism and Premier League football across three continents.
Samih Sawiris confirms he transferred all Orascom Development shares to his son Naguib, marking a generational shift in the Egyptian billionaire’s empire.
Orascom Development Egypt’s H1 2025 revenue rose 12.9% to $237.9 million, fueled by strong real estate, hospitality, and commercial asset performance.
Egyptian billionaire Samih Sawiris’ Mamula Island hotel begins a Banyan Tree rebrand after a seven-year restoration of the historic fortress.
Orascom Development Egypt posted $126.8 million in Q1 revenue, driven by hotels and land sales, despite a dip in real estate bookings.
Egyptian billionaire Samih Sawiris will perform at the Cairo Opera House on May 7, 2025, to raise funds for Gaza’s displaced refugees.
Orascom Development Egypt’s revenue surged 41.91% to $430 million in 2024, driven by record real estate sales and strong hospitality growth despite FX losses.
The revitalized resort now offers world-class skiing, scenic hiking trails, championship golf, and Michelin-starred dining.
The payout comes as the company reaffirms its commitment to its shareholders amid economic pressures.
Billionaire Sawiris-led consortium to develop Essaouira Mogador with new hotels, resorts, and residential complexes.
Orascom Development Egypt sells commercial property in O West to Seoudi Supermarket for EGP332 million ($6.8 million).
FTI has set up a hotline and website to assist customers, announcing that all trips starting June 4 will either be canceled or partially fulfilled.