Monday, July 11, 2011

Orascom Construction Industries

Susan Brannon
11 July 2011

Please Note:  I understand that this is a complicated web, but I advise you to take some time and browse through the links and articles listed on the bottom of this post.  If you read the information, you will start to realize how this mess with our money spent on wars, are connected with oil, our government officials, and the contractors. 

Orascom Construction Industries- Cairo, Egypt

•    A foreign company based in Egypt, receiving our tax dollars.
•    June 01, 2010, Orascom Construction Industries (OCI) had acquired Royal DSM’s Agro businesses
•    The United States Agency for International Development (USAID) and Royal DSM, the global life sciences company based in the Netherlands, announced a partnership to improve nutrition in the developing world through better micronutrients with Royal DSM
•    Case No. 10 Civ. 9527 just filed on Dec. 22, 2010 against “unknown purchasers,” and Royal DSM is involved. The case centers on insider trading immediately prior to the announcement that Royal DSM would buy all the outstanding shares of Maryland based Martek Biosciences Corporation-at a 35% premium over the market price.
•    Orascom Construction Industries has been buying natural gas with Algeria at local market price. It has been almost for free for 25 years. The company needed the gas for its fertilizers factories in the province of OranAlgiers). On the other hand, it does not have any necessary technology to work in fertilizers and petrochemicals sector. (Echo Rouk Online)
•    Sawiris clan owns Orascom and might easily be pegged as cronies of the old regime. After all, Orascom, the family's commercial empire (which Naguib runs with his two younger brothers), is the largest private employer and the largest Egyptian company by market capitalization — and, though started by Onsi under former President Anwar Sadat, Orascom really took off in the past few decades under Mubarak. Naguib is also reportedly a friend of Mubarak's son and heir apparent, Gamal, who was the driving force for economic reforms that included privatizations of state firms.  (Time

At international and regional levels, Naguib Sawiris serves on the following Boards, Committees and Councils:
  • Member of the international advisory committee to the NYSE Board of Directors (IAC) since November 2005
  • Board member of the International Advisory Board to the National Bank of Kuwait
  • President of the German-Arab Chamber of Industry and Commerce for 2008–2009
  • Board member of the Supreme Council of Sciences and Technology formed by a presidential decree issued by the former Egyptian President Hosni Mubarak. The council's board includes Nobel laureate Dr Ahmed Zewail, Dr Farouq el-Baz and Sir Magdy Yaqoub.
  • Co-chair, the Egyptian Italian Business Council
  • Board member on both the Board of Trustees and the board of Directors of the Arab Thought Foundation
  • Board of Trustees member of the French University in Cairo
  • Board member of the Egyptian Council for Foreign Affairs
  • Board member of the Consumer Rights Protection Association of Egypt
  • Chairman of the Board of Endeavor
Other subsidaries:

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