During a recent interview with FRANCE 24, Egyptian businessman Naguib Sawiris characterized the October 7 assaults as a “horrible act of terrorism” that yielded exclusively destructive consequences for Palestinians. He further cautioned about what he described as an expansionist agenda within the Israeli government.
Beyond the immediate conflict, Sawiris noted that the economic repercussions stemming from the Iran war are already materializing. Despite these volatile regional conditions, the billionaire defended his decision to double his investment portfolio in the UAE, maintaining confidence in the emirate’s stability.
Additionally, Sawiris took the opportunity to commende Syria’s newly appointed president, signaling a positive outlook on developments within the country.
I wonder if local Palestinian communities ever get a seat at the table for these investment decisions?
Honest take. The regional instability is real, but his bet on UAE stability shows where the capital is flowing.