Egypt’s Richest Man Joins Billionaire Migration to Abu Dhabi

Nassef Sawiris is moving his family office to Abu Dhabi, joining a wave of prominent investors that have set up operations in the sun-splashed emirate.

The Egyptian billionaire intends to re-domicile NNS Group in Abu Dhabi Global Market, the city-state’s international financial center, subject to regulatory approval. From there, NNS Group aims to build significant stakes in a concentrated number of companies, primarily in Europe, the Middle East and North America, the firm said.