• Name: Samih Sawiris
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Biography of Samih Sawiris

• Name: Samih Sawiris
• Date of Birth: March 15, 1954
• Nationality: Egyptian
• Occupation: Businessman, Chairman of Orascom Development Holding
• Place of Residence: Egypt

Educational Background:

• Graduated from Cairo University with a degree in engineering.

Professional Life:

• Founded Orascom in the early 1980s, starting as a small contractor and growing into one of the largest companies in real estate development and construction in Egypt.
• Considered one of the leading figures in tourism in Egypt, playing a significant role in developing tourist areas like El Gouna on the Red Sea, which has become a popular destination for local and international tourists.
• Under his leadership, Orascom expanded to include a variety of projects in tourism, housing, and infrastructure.

Notable Projects:

• El Gouna Project: An integrated coastal city featuring hotels, resorts, and private beaches, becoming a favored destination for water sports enthusiasts.
• Sheraton Hotel Project: Contributed to enhancing tourism in the region.
• Investments in tourism projects in several countries, including Jordan and the UAE.

Awards and Honors:

• Received several awards in business and tourism fields, recognizing his contributions to boosting the Egyptian economy.

Social Activities:

• Known for his involvement in charitable and social work, supporting various initiatives in education and health.

How His Wealth Developed:

Samih Sawiris’s wealth has evolved over time due to several key factors, including the expansion of his investment projects and innovations in the tourism and real estate sectors:

1. Establishing Orascom: He began his business in the 1980s as a contractor, which allowed him to secure significant government contracts.
2. Developing Tourism Projects: The El Gouna project significantly increased his wealth.
3. Expanding into International Markets: His investments in markets like Jordan and the UAE.
4. Diversifying Investments: His investments include tourism, telecommunications, and real estate.
5. Major Projects: Recently involved in developing major projects like the El Gouna tourist project.
6. Crisis Management: Effective management during political and economic crises in Egypt.

Summary:

Samih Sawiris’s wealth is estimated at around $1.2 billion, making him one of the richest businessmen in Egypt. His wealth reflects ongoing efforts in innovation and expansion in various fields.

Conclusion:

Samih Sawiris is considered one of the most influential businessmen in Egypt, significantly contributing to the development of the tourism and real estate sectors in the country. Through his vision and innovations, he has successfully built a strong brand and left a lasting impact in the business world.