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| Description: Net Worth: $1.5 BILLION Industry: Construction Country of Citizenship: Egypt Age: 84 Number of Jobs Created: 10,260 The patriarch of the Sawiris clan founded Orascom Onsi Sawiris & Co in the 1960s as a small construction contracting firm with operations in Upper Egypt. The firm grew into one of the largest construction companies in Egypt. When Egypt’s socialist leader Gamal Abdel Nasser assumed power, he nationalised all the country’s successful enterprises. After the ascension of business-friendly president Anwar Sadat, Onsi rebuilt Orascom Construction and subsequently handed it over to his son, Nassef, to run. Orascom Construction formed the foundation of Orascom Group, the massive conglomerate managed by his sons, Nasseff, Naguib and Samih. |
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