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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.
Background
He became a Montenegrin citizen in 2011.
Career
He founded National Marine Boat Factory and in 1996 he established Orascom Projects for Tourisitic Development and in 1997 Orascom Hotels and Development (OHD), the two companies that later merged to form Orascom Hotel Holdings.
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.
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.
He is the executive Chairman of the Board of Directors and CEO of Orascom Development, part of the Orascom group of companies.
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.
He is the executiveChairman of the Board of Directors and CEO of OrascomDevelopmentHolding AG. As of 2011 his net worth was estimated at $1.4 billion, making him the 879th richestperson in the world.
Samih Sawirisreceived his EngineeringDiploma in Engineeringmanagement from the TechnicalUniversity of Berlin in 1980. He has served as CEO and chairman of OHD since its incorporation.
He also established in 1997 El Gouna Beverages Co. selling it later.
Achievements
As of 2011 his net worth was estimated at $1.4 billion, making him the 879th richest person in the world.
Connections
- Father:
- Onsi Sawiris
- Brother:
- Naguib Onsi Sawiris
- Brother:
- Nassef Onsi Sawiris
Who is Samih Sawiris?
Samih Onsi Sawiris is an Egyptianbusinessman and billionaire and second of three sons of Onsi Sawiris, the other two beingNaguibSawiris and Nassef Sawiris.
He foundedNationalMarine Boat Factory, followed by OrascomProjects for TouristicDevelopment in 1996 and OrascomHotels and Development in 1998; the latter two companieslatermerged to form OrascomDevelopmentHolding AG. He has served as CEO and chairman of OrascomDevelopmentHoldingAGsince its incorporation.
He became a Montenegrincitizen in 2011.
In 2011 he took a 12.5% stake in Swissfootball club FC Luzern.
- Born
- 1957
Cairo - Parents
- Siblings
- Spouses
- Nationality
- Education
- Technical University of Berlin
Edit
Submitted
on July 23, 2013
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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.Samih Sawiris
Businessmanhotel executive
Samih Onsi Sawiris is an Egyptian businessman and billionaire and second of three sons of Onsi Sawiris, the other two being Naguib Sawiris and Nassef Sawiris.
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.