Nassef Sawiris

Businessperson, Organization leader

1961 –

20

Who is Nassef Sawiris?

Nassef Onsi Sawiris is an Egyptian businessman and billionaire the youngest of the three sons of Onsi Sawiris, the other two being Naguib Sawiris and Samih Sawiris. As of 2013 his net worth was estimated by Forbes to be $6.5 billion, making him the 182th richest person in the world.

Nassef Sawiris received his secondary education in the German International School of Cairo, Egypt. Then he continued at University of Chicago where he received a bachelor's degree in Economics in 1982.

He oversaw the construction activities of Orascom since 1990 and is the CEO of Orascom Construction Industries since the company's incorporation in 1998. He was also a board member of NASDAQ Dubai from July 2008 - June 2010 where his is still a board member, and currently sits on the boards of Besix and NNS Holding, and is a director at Lafarge. In addition, he served on the Board of Directors of the Cairo & Alexandria Stock Exchanges from 2004 to 2007.

Nassef Sawiris, the youngest of three entrepreneurial brothers, runs Orascom Construction Industries, Egypt's most valuable publicly traded company. It was founded by their father, Onsi, in 1950. In September the company announced plans to invest $1.4 billion to build a nitrogen fertilizer plant in Iowa in order to supply corn belt farmers. Production is slated to start in 2015. Iowa Governor Terry Branstad called it the largest investment ever in the state; Orascom Construction Industries will receive a $100 million tax break. Last year, Sawiris hooked up with Brazilian billionaire Eike Batista's EBX Group to develop a nitrogen fertilizer plant in Brazil. Orascom Construction plans to split its fertilizer and construction divisions into two publicly traded companies by the end of 2012. Sawiris also owns big stakes in cement giant Lafarge and cement producer Texas Industries.

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Born
1961
Egypt
Also known as
  • Nassef Onsi Sawiris
Parents
Siblings
Nationality
  • Egypt
Profession
Education
  • Bachelor of Arts and Science, University of Chicago
    Economics
  • German International School of Cairo
Employment
  • Orascom Group
  • Chief Executive Officer, Orascom Constrution Industries
    (1998 - )
Lived in
  • Cairo
  • Egypt

Submitted
on July 23, 2013

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