Naguib Sawiris

Naguib Onsi Sawiris (نجيب انسى ساويرس ; Ⲛⲉⲅⲓⲃ Ⲟⲛⲥⲓ Ⲥⲉⲩⲏⲣⲟⲥ ; born 15 June 1954) is an Egyptian businessman.

Sawiris is chairman of Weather Investments's parent company, and the former chairman and CEO of Orascom Telecom Holding and Orascom Investment Holding S.A.E.

Born on 15 June 1954, in Cairo, Egypt, to businessman Onsi Sawiris (founder of Orascom Group) and Yousriya Loza Sawiris, Naguib is the eldest of three brothers.

His brothers, Nassef and Samih, are also billionaires.

Naguib received a Diploma from the German Evangelical School in Giza, as well as a Diploma of Mechanical Engineering with Master's degree in Technical Administration from ETH Zurich.

Since joining Orascom, the family business in 1979, Sawiris has contributed to the growth and diversification of the company into what it is today one of Egypt's largest and most diversified conglomerates and the country's largest private sector employer.

Sawiris built the railway, information technology, and telecommunications sectors of Orascom.

Management decided to split Orascom into separate operating companies in the late 90s: Orascom Telecom Holding (OTH), Orascom Construction Industries (OCI), Orascom Hotels & Development and Orascom Technology Systems (OTS).

Orascom Telecom Holding was established in 1997, and then Orascom Telecom Media and Technologies, in 2011, until the recent rebranding as Orascom Investment Holding S.A.E. (OIH), of which he is the Managing Director and CEO.

In August 2012, Sawiris was appointed chairman of La Mancha Holding.

In 2014, Sawiris raised more than US$4 billion when he sold his stake in his telecommunications companies to Russian company Vimplecom.

In early 2015, Sawiris bought a majority stake in the pan-European television channel Euronews.

He remained as the main shareholder until beginning the process of selling his stake to Alpac Capital in December 2021.

In September 2015, he offered to buy an island off Greece or Italy to help hundreds of thousands of refugees fleeing the Syrian conflict.

However, he conceded the plan could face challenges in terms of jurisdictions and customs regulation.

In December 2016, Sawiris resigned as the CEO of Orascom Telecom Media & Technology.

The Ora Developers, formerly known as the Gemini Global Development, was launched in 2016.

The company owns a $2.5 billion global real estate portfolio comprising the Silver Sands mixed-use project in Grenada, Ayia Napa Marina in Cyrus, and the Eighteen luxury residential project in Islamabad, Pakistan.

In 2023, it was reported that Sawiris is considering an investment in Barrick Gold Corp.'s $7 billion Reko Diq copper-gold project in Pakistan.

On 31 January, 2024, the Iraqi government announced the signing of a contract with Ora Developers to develop the largest residential city in Iraq named “Ali Al-Wardi City”.

The planned new city, located approximately 25km southeast of Baghdad and spanning a total area of 61 million square meters, includes “120,000 different housing units along with green spaces, urban amenities, and smart city technology to apply cutting-edge standards in sustainability and environmental preservation.” The project is named after the Iraqi intellectual Ali Al-Wardi and aims to reduce population pressure on Baghdad.

Sawiris is married and has four children.

He lives in Cairo.

He speaks Arabic, English, German and French.

Sawiris was listed in Forbes magazine as the 8th richest person in Africa, with a personal wealth of $3.2 billion.

Sawiris is Coptic Christian.

In May 2022, his son Onsi was married in one of Cairo's big churches, and the reception was in a big event under the pyramids.