Tuesday March 21st, 2023
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Sawiris Pumps Cash into Egypt

Naguib Sawiris is one of Egypt's biggest financial gurus, and he plans on making a triumphant return...

Staff Writer

It's no secret that Egyptian businessman, Naguib Sawiris, and his family are probably the richest people in Egypt. With multi-billion dollar corporations, such as the Orascom Empire, under their disposal, they are the best posed to save the country from bankruptcy and a huge financial crisis.

That's exactly what they plan to do. After being forced into self-imposed exile by Mohamed Morsi's government, enforcing unfair and unlawful taxes on their companies (due to Sawiris's open and defiant opposition to the ousted president), Sawiris revealed, during a recent interview that he and his brothers are planning on coming back to Egypt and investing in it "like they never did before."

With the country's economy backed up by those financial tycoons, along with the aid pouring in from several other (richer) Arab countries, it's safe to hope that things might soon take a turn for the better for our beloved country, and we might even be seeing further foreign investment in Egypt.