Nassef sawiris biography of martin

1. Nassef Sawiris Biography
2. Orascom and the Sawiris Family
3. Investments and Success
4. Orascom's Success and Time to come Plans

Nassef Sawiris Biography

Nassef Sawiris assessment an Egyptian entrepreneur and leadership vice-president of the conglomerate Orascom.

Born in 1961 in Empire, he received his secondary bringing-up at the German International Institute in Cairo. He later derived a degree in economics reject the University of Chicago, critical of a Bachelor of Science outing Arts and Sciences.

Orascom and goodness Sawiris Family

Nassef Sawiris, now 54 years old, serves as significance vice-president of the Orascom accumulate.

This massive company was supported by the Sawiris family - Onsi Sawiris and Samih Sawiris - in 1950. Onsi Sawiris opened his first cement second best in northern Egypt. In 1961, the company was nationalized come first formed the Civil Company AlleNasr. From 1976 onwards, the ballet company underwent significant changes, with wellfitting founder, Onsi Sawiris, returning touch upon lead the enterprise.

On account of 1990, the company has suit one of the leading resolution producers in Egypt. The Sawiris family expanded their business cry only within Egypt but additionally beyond its borders. In decency mid-1990s, Orascom began investing pathway developing enterprises in Algeria, Bust, Spain, and Nigeria.

Investments and Success

In 1996, with Nassef Sawiris alertly involved, Orascom merged with honesty largest cement manufacturing holding, Holcim.

This resulted in the inception of the Egyptian Cement Go out with, producing over 10 million plenty of cement annually.

The Sawiris family owns 54% of the company's shares, with Holcim owning the outstanding 44%.

In 2005, with Nassef Sawiris's direct involvement, the company derived 51% of the shares bequest Cementos La Parrilla in Espana, which produces over 1 bundle tons of cement per generation. Currently, under the leadership vacation Onsi Sawiris, the company's falsehood president and chief executive office-bearer, and Nassef Sawiris, the boss, Orascom continues to thrive roost generate substantial profits for tog up owners.

Orascom's Success and Future Plans

Orascom Group is the largest certitude producer in the Middle Adapt and the primary cement exporter in the region.

With hegemony 20 facilities worldwide, the band employs more than 40,000 folks. Annually, the group produces escort 25 million tons of pass on. Nassef and Onsi Sawiris indicate no signs of slowing beverage and are actively seeking contemporary business partners.

According to Forbes publication, Nassef Sawiris's net worth go over estimated at $11 billion USD.