Onsi Sawiris, the Egyptian businessman, belongs to the wealthiest family in Egypt and his net worth is estimated to be $2 billion. He is the 5th richest man in Egypt and the founder of the Orascom Construction Industries or OCI which his son took over in 1995. He was educated in Europe and the US and started his business activities in Egypt only when Hosni Mubarak became the President of the country and adopted liberal business policies.
Read also : The Richest People In Africa, The Richest People In Egypt
In the 1990s he established his company as the leading private sector contractor by working in partnership with multinational organizations. He successfully bagged a number of prestigious projects in Egypt and gradually built his net worth. When the business diversified into new areas like IT & tourism, he took full charge of the company to ensure a smooth transition. In no time his business became the largest conglomerate to operate out of Egypt.
At present the company is making rapid progress in new areas like science and technology. Although in his eighties, Onsi Sawiris holds a significant position in OCI and is involved in important decision-making along with his 3 sons – Nassef, Naguib and Samih who are all billionaires themselves and proud members of the coveted Forbes list.
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