Posted on: 30/04/2022 – 01:35
Updated on: 30/04/2022 – 01:37
A tweet by Egyptian businessman Naguib Sawiris has sparked a flurry of reactions on social networking sites, after Sawiris criticized the unity government, Prime Minister Abdel Hamid Dabaiba’s compliance with power, saying: “History will remember that Dabaiba got in the way of the stability of his country stood for his personal interest … He preferred the position above an interest. ” Libya “. A tweet he added emphasizing that what prompted him to talk about the Libyan issue is the love for Libya and not for any other motive, indicating that he has no activity in Libya and will not work in it until it gets rid of the militias and returns to stability.
But who is Naguib Sawiris?
Born in June 1955, Naguib is one of the sons of the late Egyptian businessman Onsi Sawiris, who along with his brothers Nassef and Samih is one of the richest and most prominent Egyptian families in internal investment activities, and the first at the African level, with a fortune of more than $ 14 billion, and despite the three brothers working as the heads of several companies.The Orascom Group’s family-owned activity, Naguib remained the most present and contributed most to the support of internal development in Egypt in its investment and charitable aspects, as it retained its investments and expanded its business circle at a time when Egypt was going through security and economic challenges that threatened capital flight.
Naguib managed Orascom Telecom and Orascom Technology, invested in the Egyptian media and contributed to the enrichment of artistic and cultural life in Egypt through the El Gouna Film Festival, which he oversees in partnership with his family, in an effort to promote Egypt’s enhance foreign image and instill confidence. in foreign capital, in addition to its strong support for Egyptian government policy aimed at supporting the economy and improving the level of income, after being at the top of the list of Egyptian businessmen who contributed most to the “Long Live Egypt” fund donated about 3 billion Egyptian pounds. Orascom Group is the largest and most diversified private sector institution in Egypt, and it also has the largest share of capital in the Cairo and Alexandria stock exchanges. .
Naguib Cyrus: “Long live Libya”
Najib and his family’s commitment to the Libyan issue was not new or remarkable. Libya opened its arms to its late father, Onsi Sawiris, following the nationalization of the “Onsi and La’ai” company owned and operated by the latter in 1961, with the Egyptian regime led by the late leader Gamal Abdel Nasser on his way to socialism and its nationalization of many sector companies. Private, where the nationalization event represented a serious blow to the family, which lost its capital and assets, which turned into public ownership. 1966, Sawiris the father is on his way to Libya, which experienced a construction and development boom with the discovery of oil and the openness to private capital during the royal era, where he reformed his wealth and won contracts. this type of business, so that Libya remains the land of the diaspora, which has the honor of restoring Sawiris to the forefront of the economic scene.
In the mid – 1970s, Sawiris returned to Egypt after the dissolution of the socialist mentality in Libya, which began to mimic what Egypt experienced through its policies of nationalization and restrictions on private capital. In Libya, with the establishment of Orascom General Contracting and Trade, which later expanded to include real estate, tourism and technology activities, and as a result of Egyptian government policy to support the private sector over the years, it became the largest Egyptian company.
Libya, a landmark Libyan station in the history of the family, for the rich Coptic family, Libya was not only an arena for work and capital development, but was a land of emigration and residence for about 10 years, during which Libya ‘ an urban renaissance and accelerated development with the multiplicity of Western communities that formed a unique coexistence model in the region.A leading place to attract capital and support rising ambition, before its compass deviated in the mid-seventies, an experience that has left its mark on the family, which Libya has always regarded as a key starting point for its economic activity, which has made Najib’s involvement in Libyan affairs palatable, supported by the neighborhood relationship and the strategic depth it cherishes. social relations between the two countries.
Speaking of love for Libya and not for another motive
Perhaps Naguib Sawiris’ involvement in the Libyan issue was not just political. The man, like all Libyans, tested the propaganda aura that Dabaiba has made since taking over as prime minister, which was mainly based on the illusion of a package. of projects launched under the title “Returning Life,” so that everyone has discovered that the wheel of development In the country, it is still quiet, and construction contracts are turning into an abyss of corruption, which Libyans have not yet saw any existence on the ground.
And the family-owned Orascom Construction Company has previously signed contracts with the unitary government, which included the construction of the Mellitah filling station with a contract value of more than one billion euros, in addition to concluding an alliance with other Egyptian companies to implement the third ring road project in the capital, Tripoli, with a value of 4.28 billion Libyan dinars, and contracts for the maintenance of desert roads. The liaison of the Libyan cities, projects that did not see the light of day and the Dabaiba government did not provide. the necessary guarantees for the company to start operating in Libya, which encouraged the large company to dismiss the Libyan market, which was confirmed by Naguib Sawiris in his tweet in which he denied the presence of his company in Libya, which the direct work connected By getting rid of the militias that govern the country: “I have no activity in Libya and I will not work in Libya until you get rid of the militias and return stability with God’s help.” He added: “I have no economic ambitions. I have a different motive.
The Sawiris family and the Dabaiba family are two conflicting models
The Egyptian family of Sawiris has always deliberately stayed away from public positions or contracts that may be tainted by suspicions of corruption, as the family formed its wealth by working away from the Egyptian public sector. Charitable and community works, a field that it has indisputably. awarded, after providing $ 3 billion to the Long Live Egypt Fund, and founding the Sawiris Foundation for Social Development, which took on the acceptance of sustainable development projects in Egypt, where the family’s name was mentioned in the lists of the rich , while it was not pursued by suspicions of corruption, and it was not registered in Lists or tax ports.
As for the Dabaiba family, it was quite the opposite. It did not leave public positions and unquestionably took the lead in the corruption of Libyan public money by the chairman of Dabaiba and his family of public institutions through which they received bribes and commissions from foreign companies. return for the implementation of projects in Libya, accusations reinforced by international organizations and investigative press reports proving the possession of The family has bank accounts in tax havens, after which government officials intervene to cover their illegal banking activities of unknown origin. criticism after the appearance of names of the Dabaiba family in extortion files of public institutions. Amid all these accusations and the obvious differences between the two families, Dabaiba chose the populist language. In response to Sawiris’ tweet, he said: “It seems you missed the title … It’s Libya, history, the land of lions and the home of decency, and not a strip party,” referring to the Sawiris family’s acceptance of the El Gouna film festival, which is an artistic front that has succeeded in attracting movie stars in Egypt and the world, in an event that contributed to the creation of a positive image of Egypt, which affected by years of instability.
– 218NUUS (@ 218nuus) 29 April 2022
– 218NUUS (@ 218nuus) 29 April 2022