Egyptian billionaire, Samih Sawiris, announced yesterday that he will not be launching new investments in Egypt until the currency and economy stabilise. The Egyptian pound plunged 40 per cent agains.
Egyptian businessman Samih Sawiris, founder of Orascom Development, captured the attention on social media following his statements about the future of Egypt’s investment landscape and his plans to invest in Saudi Arabia. In an interview with Al Arabiya on Tuesday, May 2, the business tycoon began by saying that the economic crisis is making it