The World Richest Arabs 2014
The Sawiris family
4

The Sawiris family

Industry: Diversified

Country: Egypt

Wealth: 11.3 Billion

It’s all go for the various members of Egypt’s richest family, who are putting their money where their collective mouths are in helping to redevelop their home country. Naguib Sawiris has announced plans to invest over $1bn in Egyptian construction, real estate, agriculture and microfinance. Not to be outdone, Nassef Sawiris announced last month that his Orascom Construction Industries (OCI) conglomerate would also be boosting investments in the country. Ever since Onsi, the patriarch of the family handed over the reins to Naguib, his eldest son and two brothers Nassef and Samih (pictured), their fortunes have rocketed. They took over and expanded the Orascom conglomerate into a telecommunications, construction, hotel and development business. Naguib launched the first mobile operator in Egypt, Mobinil in 1998.