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Egyptian billionaire Naguib Sawiris aims to manage three airports...
18 Dec, 2025 07:56 620 min read
Egyptian billionaire Naguib Sawiris plans to bid for managing up to three Egyptian airports, including Hurghada, as the country privatizes airport operations to boost tourism and services. He also announced broader regional investments, including a $15 billion expansion in the UAE and plans to adapt his Egyptian electric mobility model for Morocco. In Egypt, his focus will shift to tourism, with three new hotels planned, moving away from new real estate launches. Sawiris, Egypt's richest person with a fortune built in telecom and mining, chairs the real estate development firm Ora Developers.... More