Nassef Sawiris .. The richest man in Egypt took the legacy of the family of Abu Dhabi

In a move that reflects the rearrangement of the Sawiris Family Empire, the ‘Oi Global’ businesses, listed on the Euronx and ‘Orascom Construction’, listed in the Abu Dhabi Financial Market and the Egyptian Stock Exchange, the beginning of discussions on a possible strategic integration announced a worldwide and worldwide to create investment platform in Abu Dhabi. This step is led by NasseF Sawiris, head of the two companies, and is considered one of the most prominent business people in the region, in a step that unites his actions again under one umbrella, as in the past. The proposed entity will combine the experience of ‘OI Global’ in the management of investments and transactions, and the executive capabilities of Orascom, which have $ 14 billion value. Read more: Sawiris merges OCI and Orascom together in preparation for the $ 50 billion investment in America and behind Sawiris’ movements, there are congestion and education for the richest businessman in Egypt who holds Egyptian, Belgian and Emirati nationalities. Below are the most prominent stations that have shaped his career: the tendency towards the Emirates plans Sawiris to include the new entity in the Abu Dhabi International Financial Market, with the listing of “OCI” of the Euronex Amsterdam Stock Exchange, provided the stock exchange rates are later determined. The beginning of the approach to the Emirates was when the Dutch company “OCI” for chemicals, where Sawiris held the position as chairman of the Board of Directors, his joint fertilizer project with the “National Petroleum Petroleum” Company (ADNOC) in the Emirate in late 2021. ” Adnoc. Read more: ADNOC acquires the “OCI” share in “Vergig” for $ 3.6 billion and in December 2023 the Egyptian billionaire announced that it intends to “NRF” NRF “in the Abu Dhabi Global Market in the event of approval of the regulators. From there, the group strives to buy large classes in a number of businesses, mainly in Europe, the Middle East and North America. “I am pleased to announce our long -term commitment to the United Arab Emirates and especially the Abu Dhabi Global Market,” Sawiris said in a statement at the time. He added that “the importance of the vague in relation to the global financial system The (NRF) group believes that the transfer of its most important activities to the UAE will contribute to the development and growth of its most important portfolios and activities.” Also read: “Orascom Construction” joins the wave of companies that are heading to Abu Dhabi at the end of August, “Orascom Construction” announced its intention to transfer its most important shares from the Nasdac Dubai Stock Exchange to the Abu Dhabi Securities market, and the main shareholder is transferred to the family office. The shares of “Orascom Construction” were traded on the Abu Dhabi Stock Exchange on September 11, while the secondary registration of its shares on the Egyptian stock exchange traded without influence, according to a disclosure published at the time at the Egypt Stock Exchange. She pointed out that the decision included the transfer of the company’s registration of the Dubai World Center to the Abu Dhabi Global Market. The education and roots were born on January 19, 1961 in Cairo, Egypt, Nassef Sawiris, and he is the three youngest sons of Onsi Sawiris. His father, the son of a lawyer, erected a contracting company in 1950. When NASSF was eight years old, the company became one of the largest contracting companies in Egypt as it took over roads and waterways along the Nile. In 1961, the company was nationalized by the late President Gamal Abdel Nasser, and it was renamed ‘Al -Nasr Civil Business Company’, and I moved to Libya, where he erected a new public contracting company, according to ‘Bloomberg’. The return of the father and the establishment of Orascom after the signing of the Camp David agreements, the relationship between Libya and Egypt has deteriorated, so that Issi Sawiris returned to Egypt, and he founded a new company, “Orascom Construction and Industry”. Through partnerships with international businesses working in local projects, Orascom became one of the largest private contracting companies in Egypt by mid -1990s. NASSEF joined the German International School in Cairo and then moved to the University study, where he graduated in 1982 with a certificate in economics at the University of Chicago. He rejoined his father and his older brothers in Orascom, who at the time expanded to include communication and real estate. The family’s empire was divided at the end of the 1980s, and the company was divided into three separate entities: ‘Orascom Telecom’ led by the older brother Naguib, ‘Orascom Hotels and Development’ led by the Middle Brotherhood, Samih and ‘Orascom Construction’, which was led by NASSF. As CEO, he focused on expanding business outside Egypt and incurring a new sector, cement and building materials, a portion he sold to ‘Lafarge’ in 2008 for $ 12.8 billion. In the same year, the fertilizer sector entered and entered the field of fertilizer steering by buying the ‘Egyptian fertilizer business’. By expanding its operations and acquisitions, the “Orascom” activity in the fertilizer sector has become the third largest producer of nitrogen fertilizers in the world, according to “Bloomberg”. The tax conflict and its settlement during the reign of Morsi during the period of the reign of the late Egyptian President Mohamed Morsi, “Orascom Construction” reached an agreement with the Egyptian tax authority to settle a tax dispute over the sale of his cement sector in 2007, and the agreement determined to pay the company at the time of 7.1 billion. During the reign of Morsi, the Egyptian government reached a settlement of the tax conflict with Orascom to create, and then the attorney -general decided to increase the name Nassef Sawiris and his father, I forgot from the list of travel ban. Bill Gates Investment in January 2013 invested an alliance of investors led by Bill Gates, co -founder of “Microsoft”, one billion dollars in “Orascom Construction and Industry” to help the Sawiris family transfer the company’s inclusion of the Egyptian stock exchange to the “Euronex Amsterdam”. At the time, Sawiris said the move aimed to facilitate future integrations in the sector, reduce the risks of Egypt and to lower the borrowing costs, according to Bloomberg. The company was renamed OCI, and it started spreading in Amsterdam on January 25, 2013. After two years, the company separated the construction activity into an independent entity, and it became a doubles on both Dubai and Cairo exchanges. According to the Bloomberg index for billionaires, according to the deposits, according to Bloomberg in April 2025, the wealth and accommodation in Italy became nassef, of which the net wealth amounted to about $ 8.6 billion. of his London Family Office in 2016. He strengthened his investments in the country in 2018 when he bought the football club “Aston Villa” in collaboration with US billionaire West Edins, in an agreement worth about 30 million pounds. The rich in Britain have wide changes affecting their wealth, including high taxes on inherited assets and external wealth, as well as tax on private school fees. He also erected a charity in Britain at the end of 2018, donated more than 45 million pounds to support its activities, including the provision of church grants in London, the financing of British medical research, and an institution founded by British singer Jose Stone, according to local documents. His other investments include stakes in the German sports clothing business “Adidas” and the company “Madison Square Garden Sports”, which the teams have “New York Nix” and New York Rangers. The most prominent stations in the lives of the billionaire NasseF Sawiris 1976 establish a new contracting company under the name “Orascom Construction and Industry” 1998 take over the position of CEO of “Orascom Construction and Industry” 1999 “or CI (OCI), of which the shares are included in the Egyptian Stock Exchange, the “Texas Electric” Company for material.