• جميع اليخوت
  • يخت الحفلات في دبي
  • تجربة الحجز الليلي
  • السنة الجديدة
  • فورملا 1 أبو ظبي
  • الأحداث التجارية
  • عيد الميلاد
  • احتفالات الذكرى السنوية

Connect with a yacht expert & get per personalised Deals

yacht rental in dubai, uae

All You Need to Know About Samih Sawiris Yacht

In the name of luxury superyachts, the Samih Sawiris yacht is one that needs proper attention. Owned by an Egyptian billionaire, the yacht carries a futuristic design and features an incredible interior that’s worth talking about. Therefore, in this article we shed some light on the details pertaining to the Samih Sawiris yacht.

Samih Sawiris Yacht

Samih Sawiris yacht: Who owns the magnificent yacht?

The Samih Sawiris yacht is owned by the Sawiris family. Egyptian billionaire and business tycoon, Samih Sawiris has been spotted on the yacht on several occasions. Hence, people have started referring to the yacht as the Samih Sawiris yacht.

However, what’s worth noting is that the official name of this yacht is, Yalla. The identity of Samih Sawiris has been attached to the yacht, which is why people know it as the Samih Sawiris yacht as opposed to the Yalla yacht.

The Sawiris family acquired this splendid superyacht in 2014 for a whopping $80 million. As a privately owned yacht, the possibility of chartering it is impossible.

In addition to that, the astronomical price tag of the yacht is not something you might not be interested in. Therefore, you can book a yacht from our yacht rental, in order to indulge in the sublime experience of cruising on a luxurious superyacht.

Samih Sawiris Yacht Exterior

Samih Sawiris yacht: A detailed insight into the yacht

As one of the most well-known yachts in the yachting community, it is important for other enthusiasts to understand the Samih Sawiris yacht in detail. Hence, we provide you a detailed insight into the Yalla yacht (Samih Sawiris yacht).

Size of the Samih Sawiris yacht

Exterior of the samih sawiris yacht, performance and engine specifications of the samih sawiris yacht, interior of the samih sawiris yacht, other details related to the samih sawiris yacht.

Next, read more about Abu Dhabi sailing club .

The Samih Sawiris yacht measures a total length of 46.7 meters. Its draft measures 2.85 meters in length, while the beam measures 8.5 meters in length. There are a total of 3 decks on the yacht, which makes it fairly large and spacious both on the exterior and interior.

When it comes to the global ranking for the largest yachts in the world, the Yalla yacht takes up the 1280th position. Builder’s Hasseen yachts have stated that the Yalla superyacht is their 55th largest yacht. Hence, the Samish Sawiris yacht is a pretty sizable watercraft.

Designed by Omega Architects and Heesen Yachts, the Yalla yacht features a futuristic design cue. The yacht features a standard white exterior, which gives it a regal look and adds to its elegance.

Samih Sawiris Yacht Size

Coming to the performance of the Samih Sawiris yacht, the vessel is powered by diesel MTU engines. There are a total of two 8V 4000 M70 model engines that power the yacht. It produces a combined horsepower of 3,152 hp and a total Kilowatt performance of 2,350 Kw.

The Samih Sawiris yacht can travel to a top speed of 17 knots and can cruise at a speed of 14 knots. Maintaining the average cruising speed, the Yalla yacht can achieve a total range of 3,500 nautical miles.

What’s also worth mentioning is that the fuel and water capacity of the vehicle combined with the engine configuration, helps deliver remarkable performance. The fuel capacity of the yacht is 15,850 gallons, while the water holding capacity is 4,490 gallons.

There’s very little that we know about the interior of the Samih Sawiris yacht. As a privately owned yacht, we haven’t had the opportunity to get an insight into it. However, based on certain reports we know that the materials and amenities used in the interior are of high quality.

Samih Sawiris Yacht Interior

Apart from the aspects we covered above, here are a few other essential details you must know about the Samih Sawiris yacht:

  • Gross tonnage measure 498 GT
  • 410 is the full load displacement measure
  • Hull of the yacht is made of steel material
  • The superstructure of the Yalla yacht is made of aluminum
  • There are a total of 2 propellers on the yacht
  • The hull configuration of the Samih Sawiris yacht is semi-displacement

Quick highlights of the Samih Sawiris yacht

Now that we have explored the Samih Sawiris yacht in detail, let’s take a quick look through all the essential details of the yacht.

Engine MTU Diesel engine – Model number 8V 4000 M70
Number of engines Two
Horsepower 1576 horsepower per engine
3152 horsepower combined power
Kilowatt 1175 Kw per engine
2350 Kw combined output
Cruising speed 14 knots
Maximum speed 17 knots
Range of the yacht 3,500 nautical miles
Passenger capacity 10 guests onboard
Crew members onboard 12 crew members
Number of decks 3 decks in total
Naval and exterior designers Heesen yachts
Interior designers Art Line
Class of the yacht Det Norske Veritas (DNV)
Port of origin OSS
Country Netherlands
Year of launch 2004

Where is Samih Sawiris’ yacht now?

According to an AIS report the yacht Samih Sawiris is currently located at the Caribbean Sea. Sailing under the flag of Malta, the current cruising speed of the yacht is recorded at 0.6 knots.

Based on the data that we have derived, we know that the yacht had departed from the port of Barbuda, Antigua & Barbuda on 18th February. There is no clear sight on where the yacht is currently headed.

Samih Sawiris Yacht

Samih Sawiris yacht: A billionaire’s superyacht

Owned by one of the wealthiest business family, the Yalla yacht or the Samih Sawiris yacht as it is known, is one that deserves all the attention. To bring yacht enthusiasts the details regarding this yacht, we have elaborated everything related to the features and specifications of this vessel.

You must understand that the Yalla yacht is privately owned. Hence, the possibility of renting one is nil. However, our fleet of luxury yachts for charter offer supersized yachts that deliver an exceptional cruising experience. Therefore, you need not buy a yacht, rather rent one.

How Much Does a Mega Yacht Cost

PER HOUR Per Day

Browse our Yachts

Samih Sawiris Sitting In A Chair

An interview with the visionary behind Lustica Bay: Samih Sawiris

Samih Sawiris of Orascom, the company behind Luštica Bay, reveals the philosophy that underlies his work, tells us the story of the development and shares his vision of its future. 

SAMIH SAWIRIS, FOUNDER OF ORASCOM DEVELOPMENT 

I never had any intention of going into the family business, but I knew even before I left school that I wanted to create a business and use that business to become rich. I started doing the odd deal and trade at university, and when I left I founded a company producing and selling boats which made my first million. I’ve always loved the ocean – I get sick if I stray too far from water. Then I drifted into real estate and stayed there for 30 years. 

THE PHILOSOPHY OF ORASCOM- EL GOUNA AS A FLAGSHIP DESTINATION 

‘The philosophy of Orascom Development and Luštica Bay has evolved out of many mistakes I’ve made along the way. I can arrogantly claim that there is no one alive who’s made so many mistakes – I can write the book. Our first project, El Gouna, started off as a plan for a few villas and a marina for sailors and fishermen. In my wildest imagination, I would never have believed this 500,000-square-metre project would ultimately cover nearly 40,000,000 square meters and house 30,000 residents. 

‘The project turned out to be a failure because the infrastructure those few villas needed was costing so much – so I had to react before people discovered it was a failure. I built more villas, and reached critical mass; but now I had people coming to stay, I had to consider what if someone had an accident – what do you do with the poor person, throw him in the sea? So I built a clinic. Then I realised my employees needed a school, and after that, I had to build houses for the teachers, and a decompression chamber for injured divers and more and more generators to light the town. ‘Now, when friends come and visit they say, “So Samih, which bit exactly is your project?” The whole of El Gouna looks and feels so organic, so much like a proper place, that they can’t believe it was all built by Orascom. It’s very frustrating after the millions I’ve spent on marketing! So our philosophy is really the consequence of solving problems caused by the mistakes I’ve made along the way. 

‘My commitment to sustainability and the environment is a little different. I’m a fanatical lover of the sea; some time ago I realised that human beings were abusing nature, and the sea is an integral part of nature. I noticed how much fewer fish there were, how many dead reefs, how much litter in the ocean. And I decided that we needed to preserve this planet a bit better. 

Not only that, but I’ve watched the development of environmental law. I’m getting bravos for doing things everyone will have to do in a few years’ time. So my approach is, why not do it early and garner the gratitude? El Gouna has just been described by the UN as the most environmentally friendly town on the planet. I’m delighted, but a decade from now I’m hoping it will have been overtaken by many other towns. 

el gouna red sea city aerial view

ANDERMATT IN SWITZERLAND - ANOTHER PROJECT OF ORASCOM 

Our environmental policies make good business sense too. Our newest development is in Andermatt in Switzerland and the Swiss would never have permitted it if they’d visited El Gouna and been disappointed by our standards. Much the same applies to our attitude to our staff and the local area. I’m a great believer in being plugged into the community. The community gives you strength – I come from Upper Egypt and there, part of your wealth is the number of people who depend on you and like you. There’s nothing that makes one more proud than being hailed as el capo, but it can’t be because people are scared – because you’re making them stand in line and cheer you like a dictator. 

When people identify with a place, they don’t steal from it. If you’re not stuck in a filthy little room with six other guys waiting for the holidays to come so you can see your family for 10 days – if Luštica Bay is properly your town – then you have a completely different attitude towards it. We win awards for our service and get by far the highest rates of repeat visitors in Egypt because of the way we treat our employees. Part of your capital is the happiness of the people who work for you, and again, the Swiss would never have signed off Andermatt if they’d visited one of our sites and been told by staff that I was cruel or criminal. 

the chedi andermatt swiss alps hotel in switzerland

THE DEVELOPMENT IN MONTENEGRO 

But for me, the thing that sets Luštica Bay apart is that it’s built around a place that has existed for many, many years. I compare it to mixing a new wine with a vintage. The result is so much better. 

The fact that Luštica Bay has original buildings at its core will give it such incredible charm. It has a better chance of looking like a proper town in 10 years, rather than in 30 years. And Montenegro itself is such a quaint country. ‘I really believe that Kotor Bay will soon be the best place on the Adriatic. The One&Only and the Four Seasons are coming; it’s going to be incredible. As for me, now I’m no longer hands-on at the company, I can relax – although I reserve the right to give my team hell if I think a building looks ugly! I own two football teams, one in Egypt and one in Switzerland, and I’ve fulfilled a 30-year dream to build a boat big enough to go around the world. We’re currently in Australia; our next stop is India or Oman, and then we’re back to Egypt. 

‘My bucket list is empty, but I’m closely involved with the Sawiris Foundation for Social Development. We’ve made so much money and now it’s time to give some of it back; partly because it wouldn’t help the kids or anyone else to give them too much, and partly because we can’t continue having 2-3% of the global population owning 90% of the wealth. It will drive the world into chaos. I believe it will become the norm to give back and a big chunk of my net worth is devoted to the foundation, building schools and hospitals and training young people for work. 

lustica bay town from above

+++ Companies of the FTI GROUP file for insolvency. FAQs at www.fti-group.com/en/insolvency . Support Hotline (German/English) at +49 (0)89 710 45 14 98. +++ +++ All departures up to and including 5 July 2024 are cancelled. From 6 July 2024, all package tours and certain individual services are cancelled. +++

+++ CAUTION: Fraud attempts are spreading via SMS and email asking for bank details. Please check carefully who the sender is. +++

FTI GROUP and Samih Sawiris confirm majority shift

The German Bundeskartellamt has approved Samih Sawiris' majority shareholding in the FTI GROUP. Following the capital increase the Egyptian investor is thus paving the way for the tour operator's secure future. The management remains unchanged.

The German Bundeskartellamt has approved Samih Sawiris' majority shareholding in the FTI GROUP. Following the capital increase the Egyptian investor is thus paving the way for the tour operator's secure future. The management remains unchanged. Munich, 16 April 2020 – Securing the future for the FTI GROUP: Samih Sawiris and the FTI GROUP confirm the transfer of the majority share in the travel group to the Egyptian entrepreneur. Following the confirmation of the German Federal Cartel Office, the investor holds 75.1 percent of the parent company FTI Finanzholding GmbH. He had joined the FTI GROUP in October 2014 and to date held 33.66 percent of the tourism company. The main shareholders were FTI GROUP founder and Managing Director Dietmar Gunz and Roula Jouny, CEO of Meeting Point Hotels & DMCs. The majority shift in favour of the Egyptian entrepreneur goes hand in hand with an increase in equity capital. The group’s management team consisting of Dietmar Gunz, Roula Jouny, Ralph Schiller, Carsten Becker and Andreas Eickelkamp could thus create a financing package together with the investor, supported by government guarantees, which enables them to steer the group through the challenging times of the Corona crisis. Dietmar Gunz comments: "This 'Corona financing package' would not have been possible without the financial commitment of our partner and shareholder SOSTNT – the family office of Mr. Samih Sawiris – and the resulting increase in equity capital. This support makes SOSTNT the majority shareholder of the group. Sawiris sees his new role as a major shareholder as both a gain and an opportunity for both sides: "My participation in the FTI GROUP since 2014 proofed to be a great success for both partners. With the majority stake in one of the largest and most diversified tourism companies in Europe, I am ideally rounding off my current portfolio of holiday destinations, hotels and distribution with the travel agency chain RV Touristik and can continue to position myself in the most important segments of the travel industry. This is once again a win-win-situation for both sides to get through this challenging times together." The 63-year-old is the founder and president of the destination and hotel development company ORASCOM. No change in management There are no plans for new orientations in the FTI management: "The long cooperation between the co-partners, the management and myself has been excellent," says the Sawiris. "Based on this proven experience, I can ensure that there will be no extraordinary changes in the management of the Group's operations. Also the intensive cooperation between FTI and ORASCOM will not change in comparison to today," he confirms.

Andermatt-Investor zeigt Pläne für Yachthafen und Tourismus-Dorf So sieht Sawiris' neues Projekt am Urnersee aus

Der ägyptische Investor Samih Sawiris (65) hat im Kanton Uri erneut Grosses vor. Die Spekulationen über sein Marina-Projekt am Urnersee schlugen hohe Wellen. Nun ist die Katze aus dem Sack: Sawiris plant im historischen Industriegebiet Isleten einen künstlich angelegten Yachthafen samt kleinem Tourismusdorf.

Das Interesse der Bevölkerung ist gewaltig. Zu Hunderten tauchen am Mittwochabend die Urnerinnen und Urner in der Rollhockeyhalle in Seedorf UR auf und hören sich die konkreten Pläne an. «Seit 14 Jahren träume ich schon von diesem Projekt», sagt Sawiris.

Konkret plant Sawiris den Bau eines Hotels im 3- oder 4-Sterne-Segment mit 50 Zimmern, dazu Restaurants und Läden. Zudem sollen 100 Zimmer entstehen, deren Gäste die Leistungen des Hotels in Anspruch nehmen können. Der heutige Hafen wird ins Landesinnere verschoben. 50 neue Jobs sollen entstehen.

Gelände bleibt öffentlich zugänglich

Der geplante Yachthafen liess in den letzten Monaten die Emotionen hochkochen. Immer wieder wurde der Vorwurf laut, dass die Isleten künftig nur noch für reiche Gäste zugänglich sei. Heute ist das Gebiet bei Surfern und Badegästen beliebt. Zudem fürchten Bootsbesitzer um ihre Anlegeplätze. Auch einige Gewerbler müssten sich eine neue Bleibe suchen.

Die Verantwortlichen können am Info-Abend viele dieser Sorgen aus der Welt schaffen. Die Freizeitzone soll bleiben, das Gelände öffentlich zugänglich sein. Das Projekt sieht auch die Integration der schützenswerten, aber heruntergekommenen Bauten in der Isleten vor. Das wäre auch im Interesse der Gemeindebehörden und des Kantons, für die das Areal ein Problemkind ist.

Erste Yachthafen-Idee wurde versenkt

Ein grosser Teil der Isleten sei eine Industriebrache, wie der Urner Regierungsrat Daniel Furrer (51) sagt. Seit dem 16. Jahrhundert stand das Areal ganz im Zeichen der Industrie. Zuletzt wurde dort Sprengstoff produziert. Mit Sawiris' Projekt würden Altlasten beseitigt. «Vom Wasser aus sieht das Gelände nicht so schlimm aus. Vor Ort war ich am Anfang aber ziemlich schockiert», erklärt Investor Sawiris dem interessierten Publikum .

Projektleiter Isidor Baumann (66) betont, dass das Marina-Projekt für einen sanften umwelt- und sozialverträglichen Tourismus stehe. Das kleine Tourismusdorf soll mit einem Ganzjahresbetrieb die Attraktivität der Region erhöhen.

Trotzdem ist mit Widerstand aus der Bevölkerung zu rechnen. Es geht die Angst um, dass Wohnraum für Einheimische teurer wird. Und die Natur leidet. Ein erstes Marina-Projekt in Flüelen UR ist am massiven Widerstand der Bevölkerung gescheitert. Auch gegen das aktuelle Vorhaben in der Isleten wurde vor einigen Tagen eine Petition mit 3700 Unterschriften eingereicht.

  • 1 Pegel steigen weiter Hier überall herrscht derzeit Hochwassergefahr
  • 2 Alles zum historischen Urteil Kann sich Trump als Präsident selbst begnadigen?
  • 3 Reichste Frau im Showbusiness Wie Beatrice Egli zur Multimillionärin aufgestiegen ist

samih sawiris yacht

  • subscribe to newsletter

facebook

  • Contributors
  • architecture
  • electronics
  • photographers
  • destinations

Top Banner

WRITER: Nicolas Shammas

Like his two brothers, Samih Sawiris is an eminent man. The three of them combined have an estimated worth of over 20 billion USD. But his town building ambitions are even more colossal than any net worth figure.

The hunt to secure an interview with Samih Sawiris was a protracted and arduous one, for the simple reason that this man cannot be pinned down. Always on the go, the Chairman of Orascom Hotels and Development (OHD) has certainly won some reward for his efforts with his company recording record year-on-year growth and a current market capitalisation of over 4 billion USD.  

Yet Samih Sawiris is not an ambitious man who went out looking for success, rather it came looking for him. He was so resolute and steadfast in his will to see his company succeed that he risked both his own personal finances and his reputation to prove his naysayers wrong.

His company OHD, is the primary designer, developer, contractor and marketing force behind the highly successful El Gouna (Red Sea, Egypt), Taba Heights (Sinai, Egypt), Tala Bay (Aqaba, Jordan) and The Cove (Ras El Khaimah, UAE) projects. It has forged its own niche in the world by becoming the first private city-developer to handle everything required to accomplish such a feat. 

Sawiris, an engineering graduate from the Technical University of Berlin, used to be content with his agencies and franchises whose activities ranged from selling engines to harbour equipment while also building boats. Conversely, El Gouna was only ever supposed to be a side activity, “to cater to friends and family.” Yet, as it grew exponentially he recognised the opportunity and “had to stop the other stuff and focus on this.” Nevertheless he recounts with some modesty how, “I didn’t come into the middle of the desert to build a town. I wasn’t that crazy.” If the distance between insanity and genius is measured only by success then there is a strong argument to be made that Samih Sawiris is quite simply a genius.

OHD may have ‘hotels’ and ‘development’ in the name, but over the course of our interview I felt the development side was this man’s prime focus, even if ultimately he has six thousand hotel rooms in his company’s portfolio with a target of reaching ten thousand within the next fifteen years. Town-building is the name of the game and to this end he has established himself in a manner that would have been unimaginable even a few years ago.

We concluded the interview with a telling insight into Sawiris’ bullishness. “We [OHD] are still far from being recognised for what we really are as it is very difficult for analysts to imagine the scale and break-up the complexities of the activities into verifiable, quantifiable units that they can just add up to a price tag.” 

When did you start Orascom Hotels & Development? Well we started in 1989. At the time we were doing this project here [in El Gouna] as a start not really knowing this would become a whole career. And then we liked what we did and people liked what we did as well so we started doing it again and again and again and again, [laughs].

So how long did it take to create the masterplan and break ground? I don’t believe in masterplans, I believe in a vision that stays dynamic and suits the area, the people that live in it, your clients, and the circumstances. 

Why this particular spot of the desert then? The best way to go about finding a sea-view location is to find a local fisherman, give him your requirements and they will take you there. At the time my main concern was to be far enough from Hurghada, but not too far, so as to make use of the airport. Close enough to the nicer diving sites, swimming areas and islands. Close enough to the fishing grounds as all my friends at the time were big fishermen. And we needed a place with a natural harbour so that we could safely moor our boats.

What did your initial vision entail? Initially every person wanted just a house and a place to put the boat. I was hoping to attract twenty people at that time. That was a critical size for me to make the project, and we ended up having sixty people wanting those houses. The government insisted that we have a hotel so we added one and that was supposed to be the project. This is how small a vision you can start with [laughs]. 

What about electricity, water and so on, were you getting all of that from the government? No, we were on our own. From the first day this was a condition of the government. Now we are also doing something new, in that we wish for El Gouna to become a CO2 neutral entity, by making as much [clean energy] as we consume. This is another demonstration of why it is best to stay dynamic, for this is a new aspect that people want and I believe if people want it why not give it to them.

How many people live here now? We have sixteen thousand people with one thousand one hundred students at schools. 

And how many hotel rooms or keys? We have three thousand hotel keys and we have at least double that in real estate.

And what is the primary focus, the real estate side or the hotel side? There is no primary. It is like an orchestra. Everyone is primary. If you want to play music everybody is important. I mean everybody. Even that poor guy at the back with the drums that waits the whole evening for his turn to play dah-dah-dum, [laughs]. You know he is still very important.

Could we go back to the evolution as it is very interesting to know how this project went from twenty to sixteen thousand people? Well you keep finding out what is missing and what people need. Before even the first twenty people moved in I felt the heat coming. I would think what about communication, what about groceries, what if something happens to someone, what about the staff that will be left behind for months when the owners are not using their houses, how are they going to be catered for, how are they going to feel happy living here? At the end of the day a town needs everyone to be happy not just the rich. 

What kind of facilities do you offer in order to generate tourism? Everything. Name anything and I’ll tell you we have it. If you manage to think of something we do not have I guarantee that we’ll have it by the next time you come. This is exactly how we have added activities by the way. But the crucial aspect now is that people come and ask, “May I do this in your town?”  And this is even better for it means we have attained the critical size whereby we have enough people to make practically every activity feasible and therefore we can attract people to come, invest and live here. That is essentially why we are growing the size of the town.

It is a year round town? Yes, absolutely! I believe it is fundamental for the success of a town to kill seasonality. You must give enough reasons for people to live here permanently. These seasonal employees are very harmful for a town because they don’t have any sense of belonging, they don’t create local culture or local citizenship. It also makes a lot of the services unfeasible. You really need to make sure when developing somewhere that you avoid the pitfalls of seasonality.

What feedback have you received so far that you can draw conclusions from? One of the things I hear quite often from people that come to stay at El Gouna is, “It is so fantastic we did not expect it to be like that. It is almost like being in Europe.” This has two bad messages, Egypt doesn’t stand for quality and we are not well marketed.

Isn’t the future of the tourism industry here in low-cost travel? No. There are now more people willing to invest more money to create better high-end tourism. Of course there is scalability and you don’t need your fifteen million tourists to be looking for 500 USD a night rooms. That doesn’t exist anywhere in the world. But to have the mass business and the more selective luxury business side by side is something that we never even considered.  Yet, now it is happening.

What are some of the lessons you have learned from places like Sharm El-Sheikh? Sometimes the government can actively assist in the destruction of market niches by allowing competition to pull it down. Sharm El-Sheikh was the jewel of the Red Sea but because they were under so much pressure from investors to give them a piece of the action they just over-supplied the market. The rates went down, the services went down and today they are suffering. At the end of the day the Red Sea is big, there is much land and they should have created new destinations and said, “Enough, there are ten thousand rooms in Sharm El-Sheikh.” Instead they let it grow and now there are forty thousand rooms there, it is ridiculous.

So what is the maximum number of rooms you will allow here in El Gouna? We already said enough is enough as far as volume hotels, now we are only building upscale boutique hotels. We are at around three thousand rooms now; I think five thousand should be more than enough. 

Now that El Gouna is considered a success you say that there are others requesting you replicate the model. Where will this happen? We are doing one in Morocco, one in Oman, one in Ras El -Khaimah and the latest one is in the Swiss Alps. We replicate the model of town building. Though the model is dynamic and can be applied we need to have the orchestra. People see us as conductors and we are invited to conduct their orchestras. We have a depth of talented individuals that have been with the company for years and years and know what it takes to make a coordinated strategy of achieving the building of a town absolutely anywhere in the world.

How favourably do governments look upon you and your company? We’re a perfect model for governments as we don’t ask for anything. They gave us some desert and we created 15.000 jobs from which they can collect their taxes. Governments’ prime concerns are unemployment and cash in the box; we are providing them the chance to tax everybody directly and indirectly and we’re taking care of some of the unemployment problem. All this without any investment from their end. It is a win-win for any government. 

How do you finance such mammoth projects? You have to raise equity. It is a big endeavour but it pays off. We grew over the years to a sizeable company thanks to the fact that our invitation for people to invest in us and with us, has always paid off. 

What about competition? At the end of the day no one can claim to have created a town. Solidere is a downtown centre that has been catered for by the government, with a road network, sewage and water. But we do everything all the way down to the security. It is a different scale. Even Emaar which is a huge real estate developer cannot boast about having done one single integrated town that they created from A to Z.   

How long does it take to recuperate the investment from such projects? It is super long-term and that is another reason why we do not have any real competition. Yet, if you look at our market cap we are close to four billion USD and it is not like I invested four billion USD. So the market has already given us the gratification of acknowledging there is value in this set-up and that is our profit. I do not like short term businesses, there is too much competition and it is not like I am in shortage of a pair of trousers or a piece of meat to eat. So whether the money comes today or in the future is not such a problem. 

Is the private sector in the Middle East stronger than it has ever been? I think there is no more room in trying to eliminate the private sector in any country. The private sector has taken over; the resistance within government circles is fading. Even in the most totalitarian regimes, they have managed to find a formula to co-exist with business people.

So you believe the private sector can do it better than any government? Not any private sector, if you want a quick buck it is not in your interest, but if you are willing to wait at least ten years, then it will bring you money, yes. It is a business for long-term minded people.

How do you factor in instability when dealing with such long term projects? We need to be prepared to take heat from time to time. I almost lost this company when the Luxor event happened [on November 17th, 1997] as we were over leveraged. We were not ready for the total withdrawal of every source of cash revenue overnight. We were in the middle of projects and we needed to continue, so we took on further leverage and in the end, the interest on the interest on the interest almost put us out of business. Eventually, I had some assets that I had to sacrifice. I had a winery, a brewery, a distillery and a hotel outside El Gouna that were all sold and with that cash we fought our way back. So the lesson was when things go wrong you better be sure there is enough substance and cash to survive. However when the storm does pass you will be rather alone in the market which gives you a huge opportunity. That is the upside to it. 

Has anyone, anywhere done anything like your projects? No, I have tried to see comparables as we need them for the stock market and there is nothing like our company. There are some huge real estate developers but no real town builders. It is too long term for many people to get into such a headache. And honestly let’s face it if I had known El Gouna would be a town, I would never have done it. So in a way it is by mere luck.

But now you have evidently embraced it. I am a total advocate of it. I am even doing one project that is making me especially proud as it is for low income people. We have not yet named the town but if we get close to three hundred thousand people all of whom are not earning much money and we provide them with decent services in a happy enclave. That will make me very, very proud. 

You built a niche speciality that will probably be studied in business schools one day.  [Laughs] It may be quite a boring course as they will say, “By coincidence he did this” and, “What was his strategy – nothing! He would follow anyone that wanted to build a town and he would do it.”

When were you most happy? When people came to El Gouna and stopped telling me, “You’re crazy, what are you doing in the middle of nowhere?” I could see it was going to be good but people did not and I was quite alone. I don’t say it but “I told you so” brings me lots of satisfaction especially when I see people not only living here but living here happily. 

But how can you gauge happiness? Feedback and statistics. If you have more people moving in than people moving out meaning very little turnover, this gives you credible information. Did you know we have the highest number of repeat guests of any destination in Egypt? And that is by multiples. On any given day you can walk into a hotel in El-Gouna and you will find that almost thirty per cent of the guests have been here before.

Why do you think that is? It is safe, it is clean. They are not harassed in the shops; no one is taking them for a ride. Because the waiters and help to a large extent live here, or are looking forward to living here permanently, they treat this place as their home town and they aspire to make it the best town around. They add to the service philosophy. 

How much do you get involved and what is your secret to doing so much at once? Delegate, delegate, delegate. 

And total control? If you start from the beginning with too many other people then you will never have enough control. I did that in Jordan in our Tala Bay project in Aqaba: we did not go for the total ownership model there because it was during the period when we were going under, so I couldn’t even claim to be able to go it alone financially. So really the model that works is total ownership-total control. You cannot have four conductors leading the orchestra, can you?

What is your definition of luxury? Piece of mind, time and pleasant views.

Are you always working? I wasn’t like this and I hope I do not stay like this, but the last year has been very tough. The listing on the Swiss stock market was a huge exercise but we IPO’d and it went well. It was oversubscribed and yes the shares went up by thirteen per cent.  I will have more time when we eventually complete the team. There are some serious key members missing and they will take much of the burden from my shoulders.

So how are you structuring the company to prepare for the future? I am structuring the company so that the investor takes risk on the countries and not a person. Look at Vodafone or other multinationals, the CEO will add plus or minus ten or twenty per cent to the company during his time but he will not drive it down the drain because he will be replaced by the board of directors… We also have separate, independent companies in each country where we are active. We act as the server that anybody can access for information, know-how and experience. We give them help. But ultimately these companies will mature so that each one, on its own merit, has a set up like here and we will meet for consolidation on the balance sheets at the end of the year.

Do you hope one day your kids will play an active role in the company? I have a lot of kids and if they want to be party to this company they are more than welcome but it’s not my aspiration just to hand over the keys to junior and say, “Here, go and take care of it.” They have to earn it and if they don’t earn it then its better they just stay as shareholders, do their own thing and know in the back of their mind that they can always access cash if they need it for their businesses.

Is that how your father was with you? Yes, every one of us did it on his own. And I think that is the perfect formula. Even if my kids do a wonderful job they will always be accused of having had an easy ride, but if they want to, they can. 

How much support do you get from the other Orascom companies? Zero, just the name. We do no business together as we believe we should not have inter-company relations. There would be a conflict of interests.

So none of the brothers profit from their siblings’ companies?  Naguib started Orascom Telecom (OT). Nassef started Orascom Construction Industries (OCI) and I started OHD. Even the shareholders are different. I profit only from OCI because I happen to be a big shareholder. But I have practically no shares in OT and Naguib owns very little shares in the other two companies.

What was the greatest lesson you learned from your father? You have to push your kids to do their own thing and not to count on you. You should stay in the background and offer advice but do not push it on them because they might take short cuts and say, “You tell us what to do.” There are certain deliverables and as long as they are bringing them, the rest is their choice.

What are the deliverables? You have to do good at school, go to a decent university and earn your own money.

Right Pane Banner1

  • Project updates
  • Our community
  • Der Andermatter
  • Facts and figures
  • ESG management
  • Partnerships
  • Organisation
  • In­vestor re­la­tions
  • Jobs and career

Samih Sawiris steps down as Chairman of the Board of Orascom Development Holding

samih sawiris yacht

Samih Sawiris will step down as Chairman of the Board of Directors at the next Annual General Meeting of Orascom Development Holding (ODH) in spring 2022. He is leaving office after more than 30 years at the helm of ODH. Samih Sawiris will remain Chairman of the Board and majority shareholder of Andermatt Swiss Alps AG.

The Board of Directors of ODH will propose Mr. Naguib Samih Sawiris for election as Chairman of the Board at the Annual General Meeting. Naguib Samih Sawiris has been a Member of the Board since 2016 and has served as Vice Chairman since 2020. Samih Sawiris will remain available as Advisor to the company. As part of the proposed succession plan, Naguib Samih Sawiris will also become ODH's majority shareholder and Samih will transfer control over to Naguib.

"Reflecting on the past 30 years, I am incredibly proud of everything we've built," said Samih Sawiris. "It has been a rewarding journey, and I am grateful to everyone who has been a part of it. It's now time to look forward to ODH's next chapter. Naguib's experience building and investing in successful technology businesses in the U.S., and his active role in supporting ODH through the COVID crisis, has made me confident that he is both capable and committed to successfully leading ODH into the future, together with CEO Omar El Hamamsy and the support of the Board. I wish them all the best."

Naguib Samih Sawiris added, "I look forward to stepping into the role as Chairman with a deep sense of responsibility and gratitude. My focus will be to ensure ODH returns to its former prosperity and becomes a category-defining destination development company. This will be achieved by a determined focus on our customers, our employees and our partners."

samih sawiris yacht

Happy birthday, Radisson Blu Hotel Reussen!

samih sawiris yacht

Savills Ski Report ranks Andermatt in the top five prime ski resorts

samih sawiris yacht

Middle East

samih sawiris yacht

  • Startups & Business
  • Arts & Culture

Everyone is Family at Zamalek’s Zio Marco

An haute hideaway in the heart of saudi’s riyadh, egypt’s front row studios is taking us to europe for the summer, who is saad nabeeha the conspiracy behind our favourite eid anthem, xp conversations: seera - the female saudi band breaking stereotypes, wallpaper prints you might like this summer, 50 million women treated under women's health presidential initiative, uae banking sector reaches aed286.67 billion in deposits by march 2024, egyptian basketball team for fiba olympic tournament finalised, ‘tahya misr’ station receives 330 ships in its first year, new cairo’s chickanji is all about smokin’ hot stuffed chicken, trap meets shaabi: is it overused, word: ilaria - take 1 (freestyle), egyptian label sara elemary is gracing summer with ‘the wave’, egypt’s entrepreneur awards launches ‘outstanding youth of the year’, taha desouky & essam omar team up for new film ‘seko seko’, evs will account for 25% of uae car sales by 2035 according to pwc, umm kulthoum revived by dubai opera holographic performance june 18, mona zaki’s ‘rehla 404’ now streaming on shahid, public treasury mints egp 20 million in coins to avoid eid shortage, radisson hotel group to open its 10th property in saudi’s riyadh, monochrome monday: the sparkling grape edition, zamalek’s new specialty coffee spot walm is ‘ready’ to serve, designing saudi’s creative renaissance with princess nourah alfaisal, backstage: marwan moussa at nawafiz festival, electronic duo esfand debuts iranian folk techno album ‘piltan’, the tut collection: shosha kamal’s new royal seating collection, egypt ranked 6th for global expats' remittances in 2023, 'tale of two cities' exhibition to be held in alexandria and athens, world's largest sustainable water treatment plant opens in el hammam, public investment fund to acquire stake in london's heathrow airport, how uae proptech nomad homes is changing the home-buying experience., moroccan rtw label mina binebine upcycles furniture into rtw pieces, serenity, spirituality and swarovski at sheikh zayed grand mosque, candlelight concerts are coming back to jeddah this summer, who wants to party to showcase at cairo jazz club agouza june 18th, ferkesh: areej mahmoud - tal abib, an early look at 'house of the dragon' season 2 with steve toussaint, ismailia-famous café frio lands in amwaj north coast, scenestyled picks: our favourite makeup brands from the mena region, egypt ranks 135th out of 146 countries for gender parity, saudi’s madinah airport announces expansion to enhance hajj experience, the sound of palestinian resistance: now and then, hot wheels rolls into abu dhabi this november, majid al futtaim properties’ latest forest residence in dubai, hady moamer challenges egypt’s hip-hop scene with 'lux freestyle', ronaldo and nadal team up again for spanish restaurant tatel in dubai, uae-based proptech qstay secures $4.6 million in pre-series a funding, local game brand 2oolameme releases new ‘tasali games’ collection, government allocates egp 25m fund to al-orman hospital, teamlab borderless jeddah opens to the public, the best fatta in cairo - a sceneeats guide, saudi hospitality and l’occitane-endorsed healing at mansard riyadh, ram sleibi's ‘i met a hummingbird’ explores the pain of letting go, styled archives: the don juan of egyptian cinema, music festival returns to al azhar park: grün fête de la musique, sudanese rapper dafencii drops shaabi/trap single ‘the big eid’, beyond the brick facade of the yves saint laurent museum in morocco, your summer guide to eid al-adha parties, sherine abdel wahab & hussain al jasmi will perform in dubai in june, album spotlight: logical da9ud - el tab3 ghallab, the gig guide to eid el adha in egypt 2024, saudi to transform hajj travel with air taxis between jeddah & makkah, red sea cruise ship terminals to be developed under new agreement, uae construction tech startup ‘tenderd’ raises $30 million in funding, mountain view unveils new retreat on the north coast with two plages, usd 458 million housing package approved for uae citizens this eid, rap of the week | june 5 - 12, mdlbeast unveils new music publishing arm to empower mena musicians, zen drops his debut album ‘system’ on beatroot records, italian luxury house ferragamo unveils pre-fall 2024 collection, kiki’s is reopening in hacienda white with a brand new look, your guide to an entertainment-filled eid al adha in riyadh, uae’s gymnation is bringing six locations to saudi arabia this summer, record-breaking puzzle assembled by 80 children at al-nas hospital, saudi arabia bans midday work under the sun until september, entry to 78 museums & archaeological sites across egypt digitised, jordanian producer nayoo explores eastern rhythms in edm ep ‘msg’, select 253: mixed by anmarz, hassan ragab explores ai-generated ancient egyptian chair concepts, valu launches egypt’s first high-value financial solution, ulter, qatari rasmal vc launches $100 million fund for mena tech startups, egyptian fintech sahl raises $6 million in series a funding, formula e makes grand return to saudi arabia in 2025 in diriyah, amina khalil cast in leading role of ‘lam shamsiya’ for ramadan 2025, a 50% off luxury shopping spree garden 8 & ego say absolutely, the recording academy announces expansion into middle east & africa, live on the waterfront in sicily lagoon chalets at solaré ras el hekma, supreme media council to block unlicensed digital media platforms, egypt creates committee for equal economic competition, roka jeddah to host izakaya themed eid entertainment night june 20th, joint egyptian-italian migration centre to be established in cairo, futuristic mosques reimagining islamic architecture, uae cuts work permit processing time to 5 days with new platform, babbo's taverna heads to mesca beach for a 10-day eid pop-up, how kamushki’s jewellery mystifies cultures & merges worlds, telemarketers will now face heavy fines, producer rasha asfour launches 'artists' insurance' initiative, sudanese singer mustafa the poet releases new single ‘gaza is calling’, the dhamma collective introduces ‘bath tagreebi’ at cjc june 13th, egyptian insurtech mal bazaar acquires licensed insurance brokerage, uae paves way for driverless cars with new federal traffic law, uae’s yahsat commissions airbus for two satellites worth usd 1 billion, parisian peruvian-fusion restaurant manko is opening in jeddah, jeddah season returns to the breezy red sea city, boba hotspot pÀo introduces new savoury menu at district 5 branch, paid holiday for private sector employees during eid al-adha, atelier de l’ile: egypt’s concept store for the discerning woman, salim azzam unveils whimsical dancing out of the chrysalis collection, dr. zahi hawass launches foundation to preserve egyptian heritage, dubai mall announces major expansion with aed 1.5 billion investment, $8 billion first phase of makkah metro project planning restarts, taking off with saudi airlines cmo khaled tash, uae launches guide to foster smoke-free workplaces, suez canal cuts transit fees by 50% for yachts to boost tourism, dubai’s public beaches to be reserved for families during eid al adha, uae introduces 5 new regulations for international travel, street cocktail | may 28 - june 11, green riyadh megaproject begins construction on 3 large-scale parks, an egyptian women’s museum is being set up at the nmec, saint levant envisions a return to a free palestine on ‘deira’, applications for egypt’s entrepreneur awards 2024 are now open, imp & ahmed tarek khalil invest in the podcast productions startup, traumer, saliah & more to headline human figures eid party in soma bay, new official measures implemented to ensure safety for hajj pilgrims, the uae’s summer solstice is coming early this year, smart robot service for pilgrims powers on in madinah, monochrome monday: the butter yellow edition, uae-based lebanese fashion photographer sophia khalifeh bares it all, thanaweya amma exams to begin for 745,000 students amid heatwave, ramez naguib to launch 'yemken' at cairo jazz club june 12th, saudi arabia hosts families of wounded or killed palestinians for hajj, salaman paris derives inspiration from arab familial archives, egypt's rate of inflation falls to 28.1% in may 2024, an emirati graduate’s musical composition will be broadcast in space, backstage: el sawareekh, let them have kombucha how maadi’s eiko makes gut health accessible, meshal al-obaidallah: preserving saudi culture through digital relics, menna shalaby to star in new netflix series ‘hudoo’ el qatala’, saudi arabia’s islamic arts biennale will return in january 2025, biggest egyptian delegation heads to 2024 paris olympics this summer, transportation authority to install glass barriers on metro line 4, semiconductor hub to launch sar 1 billion fund for chip manufacturers, gawdat: the egyptian dance music duo on going global, kuwaiti producer van boom releases left-field/industrial ep ‘nuborne’, central bank approves system for dirham-backed crypto stablecoins, amr diab's lawyer files lawsuit against fan for harassment, 12 uae universities ranked in global top 1,000 by qs world rankings, saudi energy ministry releases dictionary with arabic language academy, say yooo to u venues’ new world-class indoor playground in new cairo, uae ministry of health clarifies abortion regulations, jared leto’s band thirty seconds to mars is landing in dubai dec 12th, ministry of human resources confirms eid al adha begins on june 16th, egypt's roads ranked 18th best globally, gaining 100 places since 2015, uae startups secured $353 million in debt funding in 2023, mabrooka makes gourmet egyptian food for everyone, saudi's aquarabia will be the largest water park in the middle east, uae-based martech growdash raises $1.8 million for regional expansion, heat wave expected to hit saudi arabia during hajj, pier 88 reopens in almaza bay this summer, amr diab's daughter jana releases debut single 'escape plan', rebel with a cause: the 22-year old taking on egypt’s streetwear scene, five new mobile libraries launched to serve border governorates, dubai to get over 7,000 new paid parking spaces by end of july, national museum of egyptian civilization launches new app, emirates building systems secures aed 225 million in new contracts, egypt's bagel scene: where to find the perfect bite, saudi transport authority prepares 27,000 buses for hajj, ministry of tourism announces 20% discount for touristic sites, word: lil alex - math, ‘empty rooms’ art exhibit is a reflection on disability & unorthodoxy, cyprus’s omodos is where history meets some of the country’s best wine, uae-based ai startup qeen.ai raises $2.2m in pre-seed funding, duo tales & ahlam fuses arabic pop with house on debut ep ‘boussa’, dubai’s duck soup & underground house syria to host party june 8th, cannes 2024: ‘the substance’ is a shocking gross-out comedy of horrors, dara's ice cream & eby bakehouse collaborate on ‘crookies’, select 251: mixed by lyss, egyptian artist saad al oud to perform live at vocally saudi arabia, you can soon make atm withdrawals without a visa through instapay, elder square brings social life & medical care to dubai's seniors, metro line 3 extends hours for egypt vs burkina faso football match, saudi fintech startup sifi raises $10 million in seed round, rap of the week | may 31 - june 6, work begins on red sea museum in jeddah, art collection of dr. mohammed saïd farsi to go on auction in london, styled archives: mai ezz el din’s most memorable looks, general authority for culture palaces host free film screenings, cannes 2024: ‘the village next to paradise’ is a slow somalian tragedy, dubai-based elevate raises $5m to launch fdic-insured usd accounts, saudi arabia witnesses 20% surge in domestic travel, wireless middle east announces 2024 headliners in abu dhabi, marakez & efreshli announce ‘district 5 home’ furniture exhibition, initiative to reduce temperatures by 20 degrees implemented for hajj, ministry of health forms committee to review drug prices biannually, aussie electro-pop band parcels comes to egypt's north coast june 28th, xp conversations - molham: pushing the boundaries of a-pop, sharjah municipality shuts down parks due to severe weather, scene styled picks: the most intoxicating oud fragrances, 1,000 calves to be slaughtered to aid the vulnerable over eid, saudi arabia welcomes record breaking 100 million tourists in 2023, from bean to bar: mwanzo restores balance in the chocolate cycle, liliane chlela - behind the artist’s sonic alchemy, egyptian cotton exports soar by 36.5% in 2023, blusmart launches first all-electric premium limousine service in uae, parinaz eleish’s ‘in fragments’: an exploration of cairo’s character, egypt's economy set for 4.2% growth in 2024-2025 fiscal year, uae to host inaugural phygital games of the future 2025, marriott's exclusive autograph collection is coming to saudi’s jeddah, electricity cuts extended by one hour across egypt on june 4th, everything to know about the 'district 5 home by efreshli' exhibit, 1,000 experts to gather at inaugural ai retreat in dubai, saudi jiu-jitsu team win five medals at world championship, belly chronicles the palestinian struggle on '96 miles from bethlehem', former interior ministry office to be converted to three-star hotel, french artist joel alessandra makes a stop in saudi arabia, ministry of education trains over 20,000 teachers to meet shortage, egypt’s weekly food exports surge to 250 thousand tonnes, rdj to perform at melotech’s x-tended series season finale, 127 firms move regional hqs to saudi arabia in q1 2024, red sea film partners with art jameel for documentary film days, cairo streetwear label al camileon designs pieces sheathed in scales, illegal eid slaughter will be punished with fines of up to egp 10,000, uae’s first breast cancer research platform launched in abu dhabi, masterclass with author & entrepreneur dr. laila marouf, this is saudi arabia’s first silent airport, uae's oil production to rise by 300,000 barrels per day in 2025, nicolas jaar, zuli & more release 63-track compilation for palestine, egyptian producer dijit releases experimental trip-hop lp ‘wisswas’, zawya cinema screens youssry nasrallah’s epic film ‘bab el shams’, saudi dj cosmicat to perform at hayy jameel’s fenaa space, riyadh road named in honour of late saudi poet prince badr, egypt's population growth rate drops to 1.4%, egyptian-tunisian actress dorra zarrouk launches luxury fashion brand, ladurée at laysen valley serves up quintessential french breakfast, instapay launches instant qr code money transfers, this year’s hottest beach club openings in dubai, egyptian negotiators insist on israeli withdrawal from rafah crossing, uae’s flydubai named best low-cost airline in the middle east, designed for fun: kuwait’s wonderkin kids playroom by manmade studio, egyptian expatriates can pay for eid sacrifices in foreign currency, o’curls is the new brand embracing natural curly hair, face of warrior pharaoh virtually reconstructed after 3,500 years, ministry of awqaf prepares over 6,000 spaces for eid al adha prayer, saudi arabia to host world rally championship 2025, egp 495 million recycling plant breaks ground in giza, copayment adjustments for abu dhabi health insurance begin july 1st, monochrome monday: the golden lime edition, saudi arabia & the uae launch national effort to reduce smoking, this new sandwich hub is splitting it up in new giza, midday breaks announced in uae to protect workers from intense heat, ‘back to alexandria’ to screen at zawya cinema on june 5th, ramez naguib launches his album 'yemken' at cairo jazz club june 12th, fati’s latest donut flavour is chocolate and pistachio konafa, ahmed malek & huda el mufti to star in 'mataam al habayeb' series, waste management licensing transferred to environment agency-abu-dhabi, saudi agritech startup iyris secures $16 million in series a funding, ishtirak’s debut album is a sonic uprising from post-collapse beirut, ministry of housing suspends land allocation system for egyptians, new sachi restaurant makes port at marassi marina this eid, egyptian, us & israeli officials meet on rafah border crisis in cairo, level shoes launches two-hour delivery service in riyadh, uae ranked in top 10 globally for road quality & public transport, saudi arabia signs mou with microsoft arabia to advance media sector, select 250: mixed by eli atala, dubai industrial city undergoes aed 410 million expansion, free slaughterhouse services for eid al adha offered in cairo, luxury curator apartment 7b announces summer clearance pop-up in dubai, wizz air abu dhabi introduces flight subscription service, lebanese architect carl gerges teases new alula music studio, sergio rossi opens new boutique store in dubai mall, 1980 coffee shop opens new branch in maadi, the boldest masked moments from mena artists: ranked, aley baracat releases introspective debut arabic ep ‘arrab aktar’, xp releases of the month | may 2024, bachelor of technology programmes introduced at iit delhi abu dhabi, saudi entertainment authority seizes 4,000 black market tickets, ‘cairo cruisin’ - a journey through cairo’s cacophony, uzbekistan to gain 250 mw solar plant backed by world bank & masdar, car buying platform carprices.ae now live in uae, ministry of environment launches waste management improvement plan, a street that performs: the latest dubai square development, hayaty diaries: the art collective telling the stories of arab women, an airbnb oasis in the middle of the enchanting egyptian desert, mohammed ashi revealed as designer for riyadh air cabin crew uniforms, guide on where to find locally produced coffee capsules in cairo, kehlani collabs with palestine’s nöl collective on fundraising project, rap of the week | may 23 - 30, artist spotlight: liliane chlela - choosing imagination over genre, saudi banks witness 11% surge in loans in april 2024, nour el sherbini becomes third-longest reigning top rank squash player, applications for movement certificates now accepted at selected malls, minister of supply: unsubsidised bread prices will not be raised, select 249: mixed by rashed mekawy, 3li3bboud debuts producer-driven album ‘ashya2 la taraha fel ganoub’, al-azhar & coptic church launch initiative promoting family stability, ministry of awqaf announces plan to reopen 1,200 closed mosques, vietnamese foodies to launch first licensed restaurant in dubai, 202 new archaeological sites added to saudi arabia’s heritage list, new wind farm project inaugurated in gulf of suez, bahrain’s pearling site museum & entrance by valerio olgiati, dubai's record-breaking solar power project costs usd 4.2 billion, new initiative launched to safeguard elderly rights in the uae, dj marien baker to headline brand x party in jeddah on june 7th, marriott to bring luxury brand 'w hotels' to riyadh, styled archives: laila mourad’s style legacy, sheikh zayed’s willow’s is headed to district 5, rituals launches yozakura scent at riyadh garden of happiness pop-up, xp conversations - nightshift: bringing pop hits to riyadh’s scene, shababco returns with ninth edition on may 31st at zed park, marriott and man utd create every football fan's dream hotel room, saudi-based kingdom holding backs elon musk's xai in series b round, egypt will host sudanese civil political forces conference in june, egyptian artist odqin unveils retro-inspired r&b ep ‘fragments of self, egypt-based investment platform thndr announces entry into uae market, uae’s hajj body announces new hajj & umrah rules, 1st edition of muslim international film festival to launch in london, 17th egyptian national theatre festival opens submissions, number of licensed foreign workers increased by 30% in 2023, hsbc partners with saudi’s geidea to launch digital payment platform, over 500,000 pilgrims arrive in saudi arabia for hajj so far, uae now requires airlines to verify passengers visas before arrival, saudi boxing federation wraps up coaching training for women, edtech provider alef education seeks usd 515 million in ipo, framing history: cairo’s storied van leo photography studio, gourmet collaborates with online fishmongers seasalt on fresh sushi, luxury cosmetics brand aēsop opens first gulf store in riyadh, watch: how a lebanese grandma inspired egypt’s byblos restaurant, shreet cocktail | may 15 - 30, cristiano ronaldo sets new saudi pro league record with 35 goals, first look at al-tunbagha al-maridani mosque after restoration, xp music futures announce 2024 initiatives, bedouin burger releases electro-tarab album ‘ma li beit’, kuwait’s mamluki lancet mosque by babnimnim design studio, how ejari is disrupting the real estate sector in saudi arabia, unrwa reports that 1 million palestinians have fled rafah, zuhair al-traifi & the chronicles of saudi street life, esports world cup brings esports’ biggest ever prize pool to riyadh, saudi thriller 'mandoob al-lail' set to screen at zawya cinema, 2028 world championship for fishing will be hosted in el gouna, saudi arabia launches world’s first arabian cruise line, enrique iglesias set to perform in dubai on september 30th, saudi fashion industry valued at sar 92.3 billion by monsha'at, ziad zaza’s influences dominate on new ep ‘525', egyptian armed forces to investigate rafah shooting incident, 'ex meraty' film stars hesham maged, amina khalil & mohamed mamdouh, 65,000 books from abu dhabi book fair donated to 220 emirati schools, 11th world water forum will be hosted in saudi arabia in 2027, gouna restobar aurora is bringing a taste of the red sea to o west, album spotlight: wezza montasser, ‘60 egyptian pounds’ to compete at arab film festival rotterdam, coding contest 2023 icpc world finals takes place at aastmt in luxor, dubai upgrades rta app to improve road and transport services, renowned nikkei restaurant 'chotto matte' will open in riyadh, emirates & colombia’s avianca announce new codeshare partnership, ministry of electricity plans to stop load shedding by end of 2024, king saud university & university of tokyo sign academic agreement, anghami lab's madhaus presents 'singularity' party, ahmed helmy brings 'memo' play to egypt for eid al adha celebration, cannes 2024: ‘the brink of dreams’ celebrates upper egyptian women, bim ventures & sbi holdings launch $100m fund for saudi startups, this hotel in dubai's media city uses ai to cut food waste, monochrome monday: the hot pink edition, cannes 2024: ‘kinds of kindness’ is a minimalist touch of dark whimsy, pollution opera: an avant-garde exploration of dystopian realities, xzibit, d12 & obie trice to perform in dubai on june 29th, goldman sachs sets up regional headquarters in riyadh, house producer palms trax announces egypt sahel gig august 16th, egypt-based logistic startup oneorder raises $16m for gcc expansion, nba africa launches accelerator for early-stage african startups, tunisian tennis star ons jabeur joins asics as global ambassador, noto restaurant is flying from paris to jeddah, cynthia khalife & sarah taibah star in new horror film ‘borderline’, ministry of tourism launches sign language training course, top chef asma khan launches jeddah restaurant to support businesswomen, neom's jaumor to be gulf of aqaba's largest luxury neighbourhood, cannes 2024: ‘the girl with the needle’ pierces the depths of darkness, dubai fashion week announces spring/ summer 2025 edition dates, sousi’s serves everything bagel - from the bun to the cream cheese, el kontessa & 3phaz to play boiler room at primavera sound 31th may, bed, budget, and beyond: the best hostel stays in downtown cairo, select 248: mixed by 3lias, noha sindi's three-day workshop promises to improve personal style, egyptian national railways to operate extra trips for eid al adha, red bull four 2 score tournament will be hosted in saudi arabia, ministry of health rolls out reproductive health services campaign, abu dhabi labs achieve first implant of live cells from camel embryos, saudi arabia sign over 30 mous with japan at vision 2030 forum, cairo’s nina the brand drops dreamy ‘sirena in italia’ collection, ovio’s new healthy desserts menu is deliciously ‘guilt-free’, jeddah's airport unveils media centre for journalists covering hajj, hend sabry series ‘crossroads’ begins streaming on shahid, uae ranks second globally in dmcc commodity trade index, egypt's the brink of dreams wins l'œil d'or award at cannes, utrecht's le guess who announces 2024's first-wave lineup, egypt's hurghada named third best nature destination in the world, cairene streets in words: quotes from egyptian fiction, saadiyat cultural district is set to be completed in 2025, techno lab presents 'the last drop' with their biggest lineup yet, cannes 2024: coppola’s ‘megalopolis’ collapses under its own ambitions, ministry of communications announces cyber skills program, al-azhar launches bayan unit to combat religious misconceptions online, ministry of culture announces 2024 legal research competition, top three trends shaping edtech startups after the covid-19 pandemic, montblanc suite 4810 opens at kingdom centre in riyadh, the coolest ice cream in egypt - a scene eats guide, amman club night vudu launch label with debut va album, rap of the week | may 16 - 23, egypt’s byoum lakeside hotel in fayoum to undergo steigenberger revamp, local artist weirdo holds solo exhibition at zamalek’s ubuntu gallery, archer aviation & etihad training to launch eav pilot program in uae, cannes 2024: andrea arnold’s ‘bird’ slowly soars to surreal heights, archaeologists zahi hawas & mark lehner refute new pyramid research, ufc to host inaugural event in saudi arabia on june 22nd, cairo-based proptech birdnest secures pre-series a funding, ebrd annual meetings will be hosted in sharm el sheikh in 2027, mobica introduces home & business line at the design show expo 2024, egyptian actress malak badawi releases new single ‘mesh gaya’, record 7.5 million tons of produce exported from egypt in 2023, styled archives: hakim’s most memorable looks, egyptian designer mirna nakhla makes music debut with 'flower child’, blond:ish’s abracadabra festival to land in istanbul june 2nd, xp conversations - tamtam: how the saudi pop icon is making it in la, album spotlight: ma-beyn, sabine salamé & shtlf - n7s, aramco & pasqal to build first quantum computer in saudi arabia, the ultimate guide to a bachelorette in the middle east, donia samir ghanem teases new film 'rocky el ghalaba', world-famous coffee house '% arabica' will open in cairo, record-breaking 158,000 golden visas issued in dubai in 2023, proposal made for global humanitarian aviation council in riyadh, top djs set to ignite riyadh's beast house on may 23rd & may 24th, guidelines established for filming funerals in places of worship, everything four seasons nile plaza hosted at cairo food week, italian embassy in cairo hosts gaza children’s fundraiser on may 24th, skydive pharaohs hosts ‘flying over madinaty’ experience, haya karima donates egp 47 million to magdi yacoub heart center, il bosco international padel tournament smashes its way to nac, fôu’s seasonal menu blossoms with flavour this spring, saudi pop sensation mishaal tamer debuts headline show in london, styrofoam ban goes into effect in abu dhabi starting june 1st, over quarter of a million pilgrims arrive for hajj this may, abdallah diab’s indie-pop band koteri release funky single ‘karnaby’, slovenian dj brina knauss set for electrifying debut in riyadh, valu closes ninth securitized bond issuance at le 616.75 million, egyptian exports to arab nations reach usd 13.6 billion, 1,000 quran sessions launched at the two holy mosques for hajj, new residency fees announced for foreign nationals living in uae, the spiritual meets high comfort with hyatt’s two new madinah options, b laban’s drops their newest concoction the “salankateh”, egyptian label amina k drops upper egypt inspired k-apsule collection, the jesuit association in cairo reopens studio nasibian theatre, 20 egyptian universities ranked amongst top 2,000 in the world, alexandria’s cavafy museum opens to the public after two-year closure, egypt denies israeli claims of backtracking on support for icj lawsuit, scholarship program for outstanding emirati students launched in dubai, kadim al sahir to enchant dubai at coca-cola arena on may 23rd, zaza veers away from hip-hop on ismail nosrat’s ‘nice’, south cairo electricity launches unified charging program, beloved patisserie amaretti is now open in new cairo's u venues, futuristic ‘unfolding the embassy’ exhibition debuts at fenaa alawwal, diwan bookstore hosts poetry reading by gazan poet mosab abu toha, lina makoul's 'on mute' silently screams against media censorship, king abdulaziz university opens maritime studies to female students, 91st spring flowers exhibition blooms in dokki’s agricultural museum, capmas reports 24.5% decrease in road accident fatalities in 2023, new saudi airline riyadh air to promote tourism hub alula, salma abu deif honoured with award at 77th cannes film festival, this palestinian designer found her muse in disney’s mickey mouse, yellow weather warning until may 21st issued in the uae, cairo metro line 3 announce will extend its hours for zamalek match, nomad ben stone's 'sohan' is a saharan-inspired post-rock odyssey, dubai’s metro stations affected by april storms to reopen on may 19th, billionaire samih sawiris to perform with swiss orchestra at el gouna.

The billionaire will match the proceeds from the concerts and donate them to the Sawiris Foundation's Schools for Egypt project.

samih sawiris yacht

Cairo Scene

Billionaire Samih Sawiris to Perform With Swiss Orchestra at El Gouna

Egyptian billionaire and engineer, Samih Sawiris, will fulfill a six-year dream of performing live on the piano alongside the prestigious Swiss Orchestra. 

On January 13, 2023, the business mogul will take part in his first concert with the esteemed orchestra, ‘Charity Concerto’, at El Gouna’s Audimax Theatre. A second concert will take place on January 15th at the Cairo Opera House's main hall.

Samih Sawiris pledged to match the proceeds from the concerts and donate them to the Sawiris Foundation's Schools for Egypt project, which is dedicated to providing access to education in underdeveloped villages across Egypt. 

Tickets for the Gouna concert cost EGP 450 while the Cairo Opera House tickets range from EGP 300 to EGP 450, all of which are available for purchase through ticketsmarche.

  • Previous Article HOW (NOT) TO GO TO A PING PONG SHOW
  • Next Article Central Bank of Egypt Reduces Digital Banking Transaction Fees

Related Articles

samih sawiris yacht

The 36th edition of the championship has been announced to take place in Egypt following Spain’s withdrawal from hosting.

samih sawiris yacht

The Swiss Orchestra Will Revive Classical Music at AlUla in 2024

The ensemble will take stage in Maraya on January 19th.

Trending This Week

samih sawiris yacht

Join SceneNow communities on social media

Events calendar.

  • Recommended

Be the first to know

samih sawiris yacht

Download the app

Google play, follow scenenow.

samih sawiris yacht

Join the Team

Get in touch.

IMAGES

  1. All You Need To Know About Samih Sawiris Yacht [2024]

    samih sawiris yacht

  2. All You Need To Know About Samih Sawiris Yacht [2024]

    samih sawiris yacht

  3. All You Need To Know About Samih Sawiris Yacht [2024]

    samih sawiris yacht

  4. All You Need To Know About Samih Sawiris Yacht [2024]

    samih sawiris yacht

  5. All You Need To Know About Samih Sawiris Yacht [2024]

    samih sawiris yacht

  6. FCL fährt mit der Sawiris-Yacht aufs Rote Meer

    samih sawiris yacht

COMMENTS

  1. All You Need To Know About Samih Sawiris Yacht [2024]

    Next, read more about Abu Dhabi sailing club. The Samih Sawiris yacht measures a total length of 46.7 meters. Its draft measures 2.85 meters in length, while the beam measures 8.5 meters in length. There are a total of 3 decks on the yacht, which makes it fairly large and spacious both on the exterior and interior.

  2. YALLA Yacht • Naquib Sawiris' $80M Superyacht

    Sawiris Family Yachts. Several sources link the yacht to Naguib Sawiris. But is it possible that she is owned by one of the other Sawiris family members. For example, Naquib's brother Samih Sawiris is Chairman of Orascom Development. And he owns the Yalla Horse Stables. It is probable that the family owns several yachts…

  3. All You Need To Know About Samih Sawiris Yacht [2024]

    The Samih Sawiris yacht can travel to a top speed of 17 knots and can cruise at a speed of 14 knots. Maintaining the average cruising speed, the Yalla yacht can achieve a total range of 3,500 nautical miles.

  4. Samih Sawiris

    Samih Sawiris. Speaking of favorite places, you live on a yacht that moves around the Red Sea. What is it about the aquatic life that appeals to you? I have always loved the sea and I've always been passionate about boats. I remember, as a young boy, my first boat was the tube of a truck tire. I asked my nanny to sew a bedsheet to the bottom ...

  5. An interview with the visionary behind Lustica Bay: Samih Sawiris

    Samih Sawiris of Orascom, the company behind Luštica Bay, reveals the philosophy that underlies his work, tells us the story of the development and shares his vision of its future. I never had any intention of going into the family business, but I knew even before I left school that I wanted to create a business and use that business to become ...

  6. Interview with Samih Sawiris at Luštica Bay, Montenegro

    An exclusive interview with Mr Samih Sawiris, the founder of Orascom Development Holding and a true visionary and leader.He reveals the philosophy that under...

  7. Luxus-Tourismus am Urnersee

    Nach dem Luxus-Projekt in Andermatt träumt Samih Sawiris von einer «Marina» am Urnersee. Sein geplantes Hotel, die Apartments und der Yacht-Hafen an der Isle...

  8. Samih Sawiris

    The identity of Samih Sawiris has been attached to the yacht. That's why people know it as the Samih Sawiris yacht as opposed to the Yalla yacht. The Sawiris family acquired this splendid superyacht in 2014 for a whopping $80 million. As a privately owned yacht, the possibility of chartering it is impossible. Samih Sawiris Andermatt

  9. A Talk with The Founder

    Watch the visionary Samih Sawiris on his latest Makadi Heights talk, expressing how #MakadiHeights will be the upcoming El Gouna. With all the features in st...

  10. Montenegro

    Friday July 12 2019, 12.01am, The Times. The Egyptian developer Samih Sawiris has big dreams — and deep pockets. He builds towns in places that others won't, from El Gouna near Hurghada on the ...

  11. Samih Sawiris

    Samih Onsi Sawiris ( Arabic: سميح أنسي ساويرس, Montenegrin: Samih Onsi Saviris / Самих Онси Савирис; born 28 January 1957) is an Egyptian -born Montenegrin businessman, investor and billionaire [1] and the second of three sons of Onsi Sawiris, the other two being Naguib Sawiris and Nassef Sawiris. He is the former ...

  12. FTI GROUP and Samih Sawiris confirm majority shift

    The management remains unchanged. Munich, 16 April 2020 - Securing the future for the FTI GROUP: Samih Sawiris and the FTI GROUP confirm the transfer of the majority share in the travel group to the Egyptian entrepreneur. Following the confirmation of the German Federal Cartel Office, the investor holds 75.1 percent of the parent company FTI ...

  13. Samih Sawiris präsentiert Marina-Projekt mit Yachthafen am Urnersee

    Martin Schmidt. Der ägyptische Investor Samih Sawiris (65) hat im Kanton Uri erneut Grosses vor. Die Spekulationen über sein Marina-Projekt am Urnersee schlugen hohe Wellen. Nun ist die Katze ...

  14. The yacht Yalla is owned by Samih Sawiris

    The yacht Yalla is owned by Samih Sawiris

  15. NAQUIB SAWIRIS • Net Worth $3 Billion • House • Yacht

    He is married to Ghada Sawiris, they have 4 children. He is the owner of the yacht Yalla. Who is the Richest Family in Egypt? The Sawiris family is the richest family in Egypt. With Onsi and his three sons Naguib, Samih and Nassef each being billionaires. The Sawiris family has been active in the construction industry since 1950. When Onsi ...

  16. Samih Sawiris Interview

    Like his two brothers, Samih Sawiris is an eminent man. The three of them combined have an estimated worth of over 20 billion USD. But his town building ambitions are even more colossal than any net worth figure. The hunt to secure an interview with Samih Sawiris was a protracted and arduous one, for the simple reason that this man cannot be ...

  17. Samih Sawiris steps down as Chairman of the Board of Orascom

    Samih Sawiris will remain available as Advisor to the company. As part of the proposed succession plan, Naguib Samih Sawiris will also become ODH's majority shareholder and Samih will transfer control over to Naguib. "Reflecting on the past 30 years, I am incredibly proud of everything we've built," said Samih Sawiris. "It has been a rewarding ...

  18. Billionaire Samih Sawiris to Perform With Swiss Orchestra at ...

    Dec 26, 2022. Egyptian billionaire and engineer, Samih Sawiris, will fulfill a six-year dream of performing live on the piano alongside the prestigious Swiss Orchestra. On January 13, 2023, the business mogul will take part in his first concert with the esteemed orchestra, 'Charity Concerto', at El Gouna's Audimax Theatre.

  19. Elektrostal, Russia: All You Must Know Before You Go (2024

    A mix of the charming, modern, and tried and true. See all. Apelsin Hotel. 43. from $48/night. Apart Hotel Yantar. 2. from $28/night. Elektrostal Hotel.

  20. SAMIH SAWIRAS

    eniGma Magazine's Founder & CEO, Yasmine Shihata, caught up with Samih Sawiris, the Founder of ORASCOM Development and Chairman of the Gouna Film Festival, d...

  21. Elektrostal Map

    Elektrostal is a city in Moscow Oblast, Russia, located 58 kilometers east of Moscow. Elektrostal has about 158,000 residents. Mapcarta, the open map.

  22. File:Flag of Elektrostal (Moscow oblast).svg

    Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts.A copy of the license is included in the section entitled GNU Free Documentation License.

  23. THE 10 BEST Things to Do in Elektrostal

    Things to Do in Elektrostal. 1. Electrostal History and Art Museum. 2. Statue of Lenin. 3. Park of Culture and Leisure. 4. Museum and Exhibition Center.