What does Orascom mean?

Orascom Construction PLC (OC) is an engineering, procurement and construction (EPC) contractor based in Cairo, Egypt. The company was Egypt’s first multinational corporation and stands at the core of the Orascom Group companies.

Who own Orascom?

The Sawiris family
The Sawiris family (Coptic: ⲥⲉⲩⲏⲣⲟⲥ) is an Egyptian Coptic Christian family that owns the Orascom conglomerate, spanning telecommunications, construction, tourism, industries and technology. In 2008, Forbes estimated the family’s net worth at $36 billion. Onsi Sawiris (1930–2021) was the patriarch of the family.

How many employees does Orascom have?

Number of employees at Orascom 2015-2020 The number of employees at Orascom Construction Group in the fiscal year ending 2020 amounted to roughly 63.9 thousand of which approximately 20.8 thousand were permanently employed while 43.1 thousand temporarily employed.

Who is the CEO of Orascom Construction?

Nassef Sawiris (1998–)
Orascom Construction/CEO

How rich is the Sawiris family?

Egypt’s Nassef Sawiris topped the list of Egyptian and Arab billionaires, with a net wealth estimated by Forbes at about US$9.1 billion, while the combined wealth of his family is about US$14 billion.

Is Egypt poor?

Despite being classified as a middle-income country, Egypt faces a set of long-standing development challenges. Findings – Results of the study show that 32.5% of people in Egypt are poor in 2018 (32 million people) and there is a steady increase in Income Poverty Rates from 1999 to 2018.

Who is the most rich person in Egypt?

Nassef Sawiris
As of June 2021, Nassef Sawiris, with a net worth of nine billion U.S. dollars, is the richest man in Egypt, second richest in the African continent, and ranked 277 in the world.

Is Egypt 3rd world?

The “First World” countries were the largely democratic NATO countries such as the United States, Japan, and much of Western Europe….Third World Countries 2021.