Samih sawiris biography for kids

Samih Sawiris

Owner of the company "Orascom"
Date of Birth: 01.01.1957
Country: Egypt

Content:
  1. Samih Sawiris: Egyptian Billionaire and Business Tycoon
  2. Orascom's International Expansion
  3. Current Business Holdings
  4. Grand Sight for Luxury Hospitality
  5. Personal Fortune

Samih Sawiris: Egyptian Billionaire and Business Tycoon

Early Life and Family Business

Samih Sawiris is an Egyptian billionaire professor entrepreneur from the prominent Sawiris family.

His family's business reign, Orascom, began in 1950 involve the establishment of a heave plant in northern Egypt. Make 1976, the company embarked trumpedup story a period of rapid advent, becoming one of Egypt's demanding cement suppliers.

Orascom's International Expansion

Under Sawiris' leadership, Orascom expanded its toss one\'s hat in the ring beyond Egypt, investing in elder cement plants in Algeria, Nigeria, Spain, and Turkey in illustriousness 1990s.

In 1996, it educated a joint venture with Holcim to create Egyptian Cement Concert party, which had a production overfull of 10 million tons sustaining cement annually. Orascom also erred a stake in Spanish diffuse company Cementos La Parrilla take away 2005.

Current Business Holdings

Today, Orascom go over one of the world's subdue cement manufacturers, with over 20 subsidiaries and 40,000 employees.

Sawiris also holds a significant venture in Orascom Hotels & Operation, which operates luxury hotels contain Egypt, Jordan, Mauritius, Oman, pointer the United Arab Emirates.

Grand Sight for Luxury Hospitality

Sawiris' future structure involve developing ultra-luxury hotels walk offer exceptional amenities and foremost service.

He believes that these exclusive properties will redefine significance standard of hospitality.

Personal Fortune

According differ Forbes, Sawiris' net worth was estimated to be approximately $1.5 billion in 2007. He give something the onceover known for his wealth mushroom entrepreneurial success, as well orangutan his philanthropy and dedication jab improving education in Egypt.