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."
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: Market reportBusiness Day TV talks to Imtiaz Suliman from Sentio Capital
Source: BDliveSA - 🏆 12. / 63 Read more »