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Sawiris owns 74.9% of the Raiffeisen Touristik Group, which generates around €3.5bn in sales per year. The group includes Otto brand Reiseland, Thomas Cook Netherlands, and 700 private travel agencies.
New centre to host El Gouna Film Festival in 2020
Naguib Sawiris calls for expanding investor base of Supreme Council for Investment
Tourism promotion campaigns will make a difference if done with the participation of sector’s experts
Tax equality between real estate and tourism investors provides fairness
Orascom resorted to foreign investments over the past period due to the 2 exchange rates in the market
Egypt’s administration is complacent about the tourism crisis, says Sawiris
OHD recorded net profits worth EGP 154.7m in H1 of 2015, up from losses of EGP 34.35m in H1 of 2014
During Q1 of 2014, investments gains recorded EGP 39.5m
The group had accumulated losses worth $171.3m in 2013
Orascom Construction participates in city’s construction
Sawiris, a member of Egypt’s richest family, runs Orascom Development Holding, operating tourist resorts and real estate projects in Egypt and Europe.