Pashinyan, Egyptian Billionaire Discuss Cooperation Prospects
Armenian PM Nikol Pashinyan and Egyptian billionaire businessman Naguib Sawiris met today in Yerevan and discussed cooperation prospects in the fields of agriculture, manufacturing, and education.
Sawiris is a scion of Egypt's wealthiest family. Forbes reports his real time net worth is $3.3 billion.
He made a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction.
He's chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others.
Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews.