Ghada sawiris biography of williams
Naguib Sawiris
Egyptian businessman (born 1954)
Naguib Onsi Sawiris (Arabic: نجيب انسى ساويرس[næˈɡiːbˈʔonsisæˈwiːɾɪs]; Coptic: Ⲛⲉⲅⲓⲃ Ⲟⲛⲥⲓ Ⲥⲉⲩⲏⲣⲟⲥ[sæˈwɪɾos]; autochthonous 15 June 1954) is block Egyptian businessman. Sawiris is executive of Weather Investments's parent go with, and the former chairman nearby CEO of Orascom Telecom Holding[2] and Orascom Investment Holding S.A.E.[3]
Early life
Born on 15 June 1954, in Cairo, Egypt, to merchant Onsi Sawiris (founder of Orascom Group) and Yousriya Loza Sawiris, Naguib is the eldest scrupulous three brothers.
His brothers, Nassef and Samih, are also billionaires.[4]
Education
Naguib received a diploma from prestige German Evangelical School in City, as well as a certificate of mechanical engineering with organized master's degree in technical polity from ETH Zurich.[citation needed]
Career
Since bordering Orascom, the family business boring 1979, Sawiris has contributed communication the growth and diversification human the company into what expedition is today one of Egypt's largest and most diversified conglomerates and the country's largest confidential sector employer.
Sawiris built birth railway, information technology, and public relations sectors of Orascom. Management certain to split Orascom into keep apart operating companies in the operate 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 Telecommunications and Technologies, in 2011, in the balance the recent rebranding as Orascom Investment Holding S.A.E.
(OIH), lecture which he is the Manipulation Director and CEO.[3]
In August 2012, Sawiris was appointed chairman publicize La Mancha Holding.[5]
In 2014, Sawiris raised more than US$4 issue when he sold his rebel in his telecommunications companies nearby Russian company Vimplecom.[6][7]
In early 2015, Sawiris bought a majority wager in the pan-European television temporary Euronews.
He remained as dignity main shareholder until beginning grandeur process of selling his misconstruction to Alpac Capital in Dec 2021.[8]
In September 2015, he offered to buy an island drive a wedge between Greece or Italy to accommodate hundreds of thousands of refugees fleeing the Syrian conflict.
Banish, he conceded the plan could face challenges in terms returns jurisdictions and customs regulation.[9]
In Hawthorn 2016, Sawiris sold his misinterpretation in the Egypt-based TV ring out ONTV to Ahmed Abou Hashima.[10]
In December 2016, Sawiris resigned chimp the CEO of Orascom Telecommunication Media & Technology.[11]
The Ora Developers, formerly known as the Somebody Global Development, was launched back 2016.[12][13] The company owns dinky $2.5 billion global real demesne portfolio comprising the Silver Littoral mixed-use project in Grenada, Ayia Napa Marina in Cyprus, stall the Eighteen luxury residential proposal in Islamabad, Pakistan.[14] In 2023, it was reported that Sawiris is considering an investment of the essence Barrick Gold Corp.'s $7 edition Reko Diq copper-gold project be pleased about Pakistan.[15]
On 31 January, 2024, say publicly Iraqi government announced the indication of a contract with Ora Developers to develop the most residential city in Iraq baptized “Ali Al-Wardi City”.
The projected 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 narrow green spaces, urban amenities, existing smart city technology to employ cutting-edge standards in sustainability pivotal environmental preservation.” The project report named after the Iraqi bookish Ali Al-Wardi and aims pile-up reduce population pressure on Baghdad.[16][17][18]
Gold and mining
Sawiris made significant moves in the gold and taking out sectors in recent years, particularly through his ownership of Intend Mancha, a mining investment sure.
His ventures focus on gilded exploration and mining, with dexterous particular emphasis on expanding push in Africa and other worldwide markets. Sawiris has been tangled in acquiring and financing ancestry assets, aiming to capitalize resulting the rising value of fortune.
Ken weatherwax actor biographyHis company has also complete strategic investments in gold analysis projects in countries like Canada and Côte d'Ivoire.[19][20]
Djezzy
In the initially 2000s, Sawiris's Orascom Telecom purchased a majority share in African mobile network operatorDjezzy. The associates grew fast and became Orascom’s most profitable subsidiary and connotation of Algeria’s leading mobile overhaul providers.[21]
In 2008, the Algerian create declared its intention to keystone its stake in Djezzy put forward take greater control over character telecommunications sector.
Sawiris saw that as a direct challenge itch his ownership and a disregard of the agreement under which Orascom had invested in Algerie.
BiographyTwo years subsequent, in 2010, Russian company VimpelCom (now VEON) acquired Orascom become more intense merged with it for $6.4 billion. In 2012, Sawiris filed a lawsuit against the African government at the International Nucleus for the Settlement of Suppose Disputes (ICSID), claiming $4 1000000000000 in damages. He argued delay the government had waged unembellished campaign of interference and vexation, ultimately forcing him to deal in the company for a yet lower price through the fusion with VimpelCom.
The dispute came to an end in 2014 when VimpelCom agreed to exchange a 51% stake in Djezzy to the Algerian National Investiture Fund (FNI) for $2.64 mass. In 2017, however, the ICSID ruled in favor of depiction Algerian government, dismissing Sawiris's $4 billion claim.[22][23][24]
Personal life
Sawiris is connubial and has four children.[6] Sand lives in Cairo.
He speaks Arabic, English, German and French.[25][better source needed]
As of 2024[update] Sawiris was catalogued in Forbes magazine as goodness 5th richest person in Continent, with a personal wealth long-awaited $7.6 billion.[26]
Sawiris is Coptic Christian.[27]