Orascom Group
Encyclopedia
The Orascom Group is an Egypt
ian conglomerate, established in 1976. The success of ventures within the Orascom Group as well as the other sectors of the company led to the management decision in 1997 to split Orascom into separate operating companies: Orascom Telecom Holding (OTH), Orascom Construction Industries (OCI), and Orascom Developments and Hotels (ODH).
Orascom was founded in 1950, by Onsi Sawiris
. It has invested capital of over $3 billion and an annual revenue over $1 billion. The companies in the group are run by Onsi Sawiris' three sons:
The Orascom companies include:
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
ian conglomerate, established in 1976. The success of ventures within the Orascom Group as well as the other sectors of the company led to the management decision in 1997 to split Orascom into separate operating companies: Orascom Telecom Holding (OTH), Orascom Construction Industries (OCI), and Orascom Developments and Hotels (ODH).
Orascom was founded in 1950, by Onsi Sawiris
Onsi Sawiris
Onsi Sawiris is an Egyptian businessman. He was estimated to be worth approximatively $2.9 billion according to Forbes in 2011. He is the patriarchal head of the Sawiris Family...
. It has invested capital of over $3 billion and an annual revenue over $1 billion. The companies in the group are run by Onsi Sawiris' three sons:
- Naguib SawirisNaguib SawirisNaguib Onsi Sawiris is an Egyptian businessman and politician. He was executive chairman of the telecommunications companies Wind Telecom and Orascom Telecom Holding before turning to politics in May 2011...
(born in 1954) - Samih SawirisSamih SawirisSamih Onsi Sawiris is an Egyptian businessman and billionaire and second of three sons of Onsi Sawiris, the other two being Naguib Sawiris and Nassef Sawiris. He is the executive Chairman of the Board of Directors and CEO of Orascom Development, part of the Orascom group of companies...
(born in 1957) - Nassef SawirisNassef SawirisNassef Onsi Sawiris is an Egyptian businessman and billionaire the youngest of the three sons of Onsi Sawiris, the other two being Naguib Sawiris and Samih Sawiris...
(born in 1961)
The Orascom companies include:
- Orascom Telecom HoldingOrascom Telecom HoldingOrascom Telecom Holding S.A.E. is a leading international telecommunications company operating GSM networks in the Middle East, Africa, Canada and Asia. It started its operations in Egypt by launching the first egyptian mobile operator in 1998, ....
(in Arabic اوراسكوم تيلكوم), Executive Chairman Naguib Sawiris - Orascom Construction Industries (in Arabic أوراسكوم للإنشاء والصناعة), CEO Nassef Sawiris
- Orascom Hotels and Development (in Arabic أوراسكوم للفنادق والتنمية), CEO Samih Sawiris
- Orascom Technology SolutionsOrascom Technology SolutionsOrascom Technology Solutions , part of the Orascom group of companies. It specializes in Information technology and communications solutions in Egypt, with a wide network of companies using its resources, providing computer systems.. It also distributes telecommunications software and products and...
- OTV (Channel)
- Djezzy GSMDjezzy GSMDjezzy GSM, a branch of the Algeria-based Orascom Telecom, is Algeria's principal mobile network operator, with a market share of 65% and a network covering 84% of the population It acquired the country's second GSM license in July 2001, with a bid of $737 million, and was officially launched on...