“Orascom’s Samih Sawiris Criticizes Misinterpretation of Remarks on Dollar Exchange Rate Impact on Egyptian Investments”

03:27 PM

Monday 08 May 2023

Books – Masrawy:

Businessman Samih Sawiris, Chairman of the Board of Directors of Orascom Development Holding Company, criticized the attempt of some to distort his statements about the impact of the dollar exchange rate on investments in Egypt, to exploit it against the country, stressing the continuation of all the Sawiris family projects in Egypt as they are without stopping.

Samih Sawiris said, in an exclusive statement to Masrawy: With reference to my recent statements regarding the negative impact of the dollar exchange rate on investment in Egypt, and since some tried to interpret it unintentionally and exploit it against my country, although what prompted me was my fear for my country to advise, because there is The need to end the multiplicity of exchange rates to ensure the continued flow of foreign and domestic investments.

Sawiris continued, “I also confirm that all the family’s projects in our country, Egypt, continue without stopping. May God grant us success for what is good for Egypt.”