Egyptian billionaire targets $400M tourism project on Morocco’s Atlantic coast
Samih Sawiris, the Egyptian billionaire and CEO of Orascom, a Cairo-based infrastructure and construction giant, is pursuing a $400 million
According to an annual report from the consultancy firm Henley and Partners (H&P) now ranks Morocco in fifth place, behind South Africa, Egypt, Nigeria, and Kenya. Together, these five countries are home to 56% of Africa’s high-net-worth individuals and over 90% of the continent’s billionaires. H&P data shows that Morocco is currently home to 6,800 millionaires, 32 centi-millionaires, and 4 billionaires.
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