Naguib Sawiris is a rare example of a true global citizen. Starting his career in Egypt, he has expanded his reach and influence far beyond his homeland, making a significant impact on industries from telecommunications to real estate and resource capital across continents. In this exclusive sitdown, Sawiris reflects on his journey, sharing insights into the principles and passions that drive his ever-expanding legacy.
Naguib, you’ve worn many hats throughout your career from telecommunications to real estate to resource capital investments. What keeps you inspired across such diverse fields?
I’ve always been motivated by the challenge of creating something transformative. Whether it’s building telecom networks in underserved regions or setting new standards in high-end real estate, I find excitement in growth and impact. I always look for opportunities to make a difference whether in business or for the community. Of course, it made a lot of wealth for my family too. I don’t want to sound too idealistic.
Looking back at the journey with Orascom, what do you consider your biggest accomplishment in telecommunications?
Starting and growing Orascom Telecom Holding (OTH) was a proud milestone. We took on the ambitious goal of building a telecommunications company that could serve millions across Africa and the Middle East, and OTH eventually operated networks in over 28 countries. The merger of Wind Telecom, OTH’s mother company, with VEON (formerly VimpelCom) in 2011 was another key moment. It created the world’s sixth-largest telecom provider by subscribers, and it was the largest ever LBO deal in Europe at the time. Proof that we were moving in the right direction
Orascom has expanded significantly since you joined in 1979. How have you seen the company evolve?
Orascom has evolved from a national entity into an international conglomerate with ventures in sectors as varied as construction, telecom, and mining. Over the years, we’ve pursued growth opportunities that align with community impact and long-term value. Now, as Executive Chairman of Orascom Investment Holding, I see us focusing on sectors with high growth potential in Egypt and Africa, areas where transformation and development are needed.
Your work with La Mancha Holding stands out, especially in the resource capital and energy transition metals sectors. Why the focus on these areas?
La Mancha’s primary objective is to offer professional investors exposure to high-quality mining assets with untapped potential in the precious and energy transition metals sectors. The group has played a key role in the transformation of multiple junior mining companies into sizable players that have generated superior capital returns to investors and have adhered to rigorous sustainability standards. At La Mancha, we’re committed to responsible mining that benefits local communities.
Real estate has become another focus for you with Ora Developers. What inspired you to enter this industry?
Ora Developers emerged from a vision to build communities that stand out in design, quality, and lifestyle. I saw the demand for high-end real estate in emerging markets, not just in Egypt, but globally, from Cyprus to Grenada. With Ora, we’re creating projects that redefine luxury and provide unmatched experiences for residents, with a special emphasis on hospitality.
You’re also involved in philanthropic activities through the Sawiris Foundation for Social Development. Could you tell us more about that?
Philanthropy is a core part of our family values. The Sawiris Foundation aims to address critical social issues in Egypt, from education and health to job creation and entrepreneurship. I firmly believe in giving back to our community, and we work to create sustainable programs that empower individuals and families.
You have received numerous international awards, including the French Legion d’Honneur and Italy’s Star of Italian Solidarity. How do these recognitions influence you?
Awards and honors are humbling, and they remind me of the global impact of our work. These recognitions highlight the positive contributions we’ve made, but they also serve as a reminder to keep striving for more meaningful impact.
You’ve held several influential advisory positions, from NYU’s Global Institute for Advanced Study to the London Stock Exchange’s Africa Advisory Group. What is your approach to these advisory roles?
In advisory roles, I focus on bringing regional insights and pushing for innovation. Whether it’s advising on Africa’s potential or sharing knowledge at NYU, I aim to help these institutions shape decisions that impact global markets and emerging economies.
You’ve built businesses and made investments globally, often in challenging markets. How do you approach risk?
Risk is inherent to any new endeavor, especially in emerging markets. I often made the biggest successes because I took the biggest risks. My approach is to understand each market deeply, engage with local stakeholders, and have a long-term perspective. It’s essential to have a sound strategy, but I also trust my instincts. Sometimes, it’s about taking a calculated leap of faith.
Finally, what’s your vision for the future both for and for you personally?
My vision is for Orascom to continue as a transformative force, especially in high-impact sectors in Africa and the Middle East. Personally, I want to keep pushing boundaries, whether in business or philanthropy, and leave a legacy of growth, opportunity, and positive change.
As our conversation draws to a close, it’s clear that Naguib Sawiris embodies the spirit of global citizenship—rooted in his Egyptian heritage yet reaching far and wide to foster opportunity and transformation. His journey exemplifies the powerful role that a single individual can play on the world stage, leaving a lasting legacy across diverse fields and regions. With his unwavering vision, Sawiris continues to redefine what it means to make an impact.