Samih Sawiris

Biography: Samih Sawiris - Businessman and Chairman of Orascom Development Holding

Full Name:

Samih Ansi Naguib Sawiris

Date of Birth:

January 28, 1957 (67 years old)

Nationality:

Egyptian

Profession:

Businessman, Chairman of Orascom Development Holding

Residence:

Egypt

Education:

Berlin University of Technology (1976–1980) - Degree in Engineering

German Evangelical Secondary School, Giza

Professional Life:

Samih Sawiris is a prominent Egyptian businessman and one of the most influential figures in the real estate and tourism sectors in Egypt. In the early 1980s, he founded Orascom Development Holding, which started as a small contracting firm and grew into one of the largest companies in the construction and real estate development industry. Sawiris is also regarded as a key figure in developing the tourism sector in Egypt, particularly through his role in establishing the city of El Gouna on the Red Sea, which has become one of the most popular tourist destinations in the country.

Notable Projects Led by Samih Sawiris:

El Gouna Project:

A fully integrated coastal city with hotels, resorts, private beaches, and a popular destination for water sports enthusiasts. The project significantly contributed to the growth of tourism in the Red Sea region.

Sheraton El Gouna Hotel:

One of the standout projects that helped raise the tourism profile in the area, offering a unique design and luxurious facilities.

International Tourism Investments:

Sawiris invested in tourism projects in countries such as Jordan and the United Arab Emirates, further strengthening his international presence in the sector.

Awards and Honors:

Samih Sawiris has received numerous awards and recognitions for his contributions to Egyptian economy and tourism development, making him one of the most celebrated entrepreneurs in the region.

Social and Charitable Activities:

Sawiris is well-known for his philanthropic efforts, supporting various initiatives in education and healthcare in Egypt. Through his charitable foundations, he plays a crucial role in improving the lives of marginalized communities.

How His Wealth Evolved:

Founding Orascom Development Holding:
Sawiris began his career in construction, and through his strategic growth, Orascom became one of Egypt’s largest companies in the field.

Development of Tourism Projects:
The El Gouna project was pivotal in boosting his wealth, positioning him as a leader in the Egyptian tourism industry.

Expansion into International Markets:
Sawiris expanded into international markets such as Jordan and the UAE, diversifying his investments and business operations.

Investment in Other Sectors:
In addition to tourism, Sawiris made investments in telecommunications, energy, and other sectors, further increasing his wealth and business footprint.

Samih Sawiris’ Net Worth:

Samih Sawiris' net worth is estimated at around $1.2 billion, making him one of the wealthiest businessmen in Egypt and the Middle East.

Family Information:

Father: Ansi Sawiris

Mother: Yosra Louza

Siblings: Naguib Sawiris, Nassef Sawiris

Languages:

Native Language: Arabic

Other Languages: German

Summary:

Samih Sawiris is considered one of the most influential businessmen in Egypt and the Arab world, having significantly contributed to the development of the real estate and tourism sectors. Thanks to his vision and business acumen, he successfully built a powerful economic empire and established a strong brand, leaving a lasting impact on the business world.