News Formal

Billionaire Sawiris wants 'level playing field' for Egypt business

  • 📰 eNCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Naguib Sawiris has warned that the Egyptian government's involvement in the private sector makes for an unfair playing field.

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."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 49. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

WATCH: Market reportBusiness Day TV talks to Imtiaz Suliman from Sentio Capital
Källa: BDliveSA - 🏆 12. / 63 Läs mer »