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Samih SawirisOwner of the company "Orascom"
Date of Birth: 01.01.1957
Country:  Egypt |
Content:
- Samih Sawiris: Egyptian Billionaire and Business Tycoon
- Orascom's International Expansion
- Current Business Holdings
- Grand Vision for Luxury Hospitality
- Personal Fortune
Samih Sawiris: Egyptian Billionaire and Business Tycoon
Early Life and Family BusinessSamih Sawiris is an Egyptian billionaire and entrepreneur from the prominent Sawiris family. His family's business empire, Orascom, began in 1950 with the establishment of a cement plant in northern Egypt. In 1976, the company embarked on a period of rapid growth, becoming one of Egypt's leading cement suppliers.
Orascom's International Expansion
Under Sawiris' leadership, Orascom expanded its operations beyond Egypt, investing in major cement plants in Algeria, Nigeria, Spain, and Turkey in the 1990s. In 1996, it formed a joint venture with Holcim to create Egyptian Cement Company, which had a production capacity of 10 million tons of cement annually. Orascom also acquired a stake in Spanish cement company Cementos La Parrilla in 2005.
Current Business Holdings
Today, Orascom is one of the world's largest cement manufacturers, with over 20 subsidiaries and 40,000 employees. Sawiris also holds a significant stake in Orascom Hotels & Development, which operates luxury hotels in Egypt, Jordan, Mauritius, Oman, and the United Arab Emirates.
Grand Vision for Luxury Hospitality
Sawiris' future plans involve developing ultra-luxury hotels that offer exceptional amenities and world-class service. He believes that these exclusive properties will redefine the standard of hospitality.
Personal Fortune
According to Forbes, Sawiris' net worth was estimated to be approximately $1.5 billion in 2007. He is known for his wealth and entrepreneurial success, as well as his philanthropy and dedication to improving education in Egypt.
