There are many question marks about Naguib Sawiris and his fortune, For me I do not suspect about the origin of his wealth like many others do , simply because it is well known that the Sawiris family is already rich one from very long time even before the revolution in Upper Egypt. It was a natural thing to find his family among the Forbes richest Arabs in the region for another year. I do not even bother myself with the rumours which is saying Sawiris family is using the Church and the Christians' money in their investment ,the same way like El-Ryan did except he is not a crook like El-Ryan.
I am just wondering about how this man invests his money or to be specific where he invests his money. Of course I am speaking about Naguib not about the rest of his family. The locations or the countries he chose to invest his money in are considered dangerous locations for any business to invest in. Capital money is coward , stable countries are much attractive place with opportunities ,you do not find investors going to countries with war or countries with unstable governments , for God Sake there are reports done by huge institutes regarding the best places to invest your money in .
Still Naguib is using another theory , just look to the countries he invested and is investing his money in :
- Syria for some time then he left after big financial corruption scandal.
- He tried to enter the Iranian Market.
- Iraq ,and he sold "Iraqana" to Kuwaiti Zein, already it was a terrible investment with my all respect every couple of months Egyptian Engineers were kidnapped for ransoms,they tried to give huge incentives for Engineers in Egypt to go to Iraq but they were refusing.
- Pakistan ,he is still there .
- Algeria ,he is still there .
- Some countries in Africa.
And the big news of the week
Naguib Sawiris and his company Orascom Telecom have won the Mobile Phone operating license in ... North Korea
Yes North Korea of Pyongyang and Kim Jong Il !! North Korea ,the communist country with centralized economy and huge famine. The heart of the axis of evil .
Did not I tell you that the man invest his money in strange place ??
He goes where other do not dare to think about , he got a point , but North Korea !!???
Already I wonder to whom he will sell the Mobile phones to , to Jong LL and his party men , the UN for years is speaking about a terrible human situation there
Naguib wants to his corporation to be global , fine he got a nice strategy for global expansion still we have to wonder about his choices in the countries he chooses .
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ReplyDeletePoly Muthumbi is a Web Administrator and Has Been Researching and Reporting on Debt for Years. For More Information on FINANCIAL BELIEFS, Visit Her Site at INVESTING YOUR MONEY
I am just wondering about how this man invests his money or to be specific where he invests his money. Of course I am speaking about Naguib not about the rest of his family.
ReplyDeleteDid not I tell you that the man invest his money in strange place ??
He goes where other do not dare to think about , he got a point , but North Korea !!???
INVESTING YOUR MONEY
poly ,it would be better to explain your point easier than posting a link with terms that can be difficult for many people to understand
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