RIYADH: Egyptian billionaire Naguib Sawiris wants to become the country’s number one gold investor and has not given up on winning a license to operate a bank.
The Orascom Investment Holding boss made the disclosure during a conference on Monday, Al Arabiya reported.
He currently ranks among the top 10 investors in the mining and gold sector in the African market and wants to become the number one player.
The Egyptian Ministry of Petroleum and Mineral Resources recently announced the signing of contracts with AKH Gold, a company affiliated to Sawiris, with a total investment of about $4.1 million, to search for gold in the country’s Eastern Desert.
Sawiris also discussed plans to develop a residential real estate project in Sohag, on the west bank of the Nile.
He said that his company, Ora Developers, may list its shares on the Egyptian bourse and that a final decision would be taken once it started to deliver its projects.
Sawiris aims to become Egypt’s number one gold investor, eyes bank license
https://arab.news/9mtrm
Sawiris aims to become Egypt’s number one gold investor, eyes bank license
- May list Ora developer unit shares
- Targets mining sector expansion
Stc partners with Qiddiya as Six Flags official connectivity provider
RIYADH: Saudi stc Group has announced its partnership with Qiddiya as the official connectivity partner for the Six Flags theme park, providing telecom services, smart city solutions, and an integrated digital infrastructure in line with global standards, coinciding with the park’s official opening.
Under the partnership, stc will deliver an advanced digital ecosystem to enhance visitors’ experiences at Qiddiya, offering high-performance connectivity and smart technologies to facilitate entry and manage visitor flow within the park, ensuring a seamless and safe experience.
The collaboration reflects stc’s commitment to providing advanced digital infrastructure that supports Qiddiya’s ambitions and elevates the visitor experience.
By leveraging smart connectivity, smart city technologies, and innovative payment solutions, stc aims to deliver an integrated and streamlined experience across the destination.
The initiative also highlights stc’s role in supporting the tourism and entertainment sectors with world-class digital infrastructure that aligns with Saudi Arabia’s vision and future goals.
