Naguib Sawiris, 67, is Egypt's second-richest man after his brotherCAIRO - Naguib Sawiris -- one of Africa's richest men, with an estimated fortune of over $3 billion -- has warned that the Egyptian government's involvement in the private sector makes for an unfair playing field.
The military's economic reach has grown under his leadership, partnering up with firms such as the Sawiris family's Orascom. Gambling on freedoms that emerged after Egypt's 2011 revolution that overthrew long-time autocrat Hosni Mubarak, Sawiris founded the liberal Free Egyptians party. "When you first go to a barren site and then later you see a new building and it looks good -- like here in Gouna -- you're seeing something in real life that was born out of a desert."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WATCH: Market reportBusiness Day TV talks to Imtiaz Suliman from Sentio Capital
Weiterlesen »