Samih Sawiris begins talks to invest in Saudi tourism sector: Report

02/05/2023 Argaam
Founder of OrascomDevelopment HoldingSamih Sawiris

Founder of Orascom Development Holding Samih Sawiris

Egyptian billionaire and founder of Orascom Development Holding Samih Sawiris has commenced discussions with Saudi companies to invest in the Kingdom's tourism sector. 

 

He told Asharq Business that the Kingdom's rapid growth, especially in tourism sector, has created tremendous opportunities, encouraging him to have a presence in the Saudi market.

 

Sawiris noted that the completion of procedures and permits for cruise tourism has fueled the competitiveness of the Saudi market. 

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