Businessman Naguib Sawiris revealed his expectations that the price of an ounce of gold will rise to the level of $6,000 by the end of the year, stressing that his reading is based on several economic factors that he sees as affecting the market, but at the same time he stressed that his expectations are not certain, saying that he is reading the scene according to 5 or 6 major indicators that may push prices to this record level.
Naguib Sawiris’s net worth
He explained during his interview with media personality Lamis Al-Hadidi on the “Billion Journey” program on Al-Nahar Channel, that gold represents the largest percentage of his investments, as it constitutes about 70% of his investment portfolio, while the remaining percentage is distributed among various sectors, most notably real estate.
Sawiris stressed that he does not feel any regrets about the Centamin deal, explaining that he treats deals that are not completed as a fate that carries good in them, and that he believes that what did not happen may not have been in his interest.
Investing in real estate
On the other hand, he indicated that he prefers investing in real estate rather than working in mines, pointing out the difficulty of life inside mining sites, where workers spend days underground in harsh conditions, in contrast to projects such as the train sector, which gives him a different feeling, because he sees the results of his work on the ground and feels its direct impact on people’s lives and happiness.
