Top 10 billionaires in the Middle East and Africa

Top 10 billionaires in the Middle East and Africa

Business Chief Middle East counts down the top 10 billionaires from the Middle East and Africa (MEA) based on Forbes' 2019 ranking .. Naguib Sawiris, built his fortune in the telecommunication sector, when he sold Orascom Telecom in 2011 to a Russian telecom company VimpelCom, in a multi-billion dollar deal.. Sawiris is one of the largest foreign investors in North Korea, as well as being one of the largest investors in Italy.. Suhail Bahwan is the founder and current chairman of Suhail Bahwan Group - a large conglomerate in Oman.. Bahwan's career roots date back to 1965 when he first went into business with his brother - Saud - selling fishing nets and building material before they acquired a Toyota dealership in 1975.. In 2002, the brothers split with Saud keeping the Toyota dealership.. Self-made billionaire Issad Rebrab is the founder and CEO of Cevital: one of the biggest privately held companies in Algeria.. With the capacity to produce 2mn tons of sugar a year, Cevital owns one of the largest refineries in the world.. In addition to producing sugar, Cevital owns multiple European companies including a French home appliance maker, an Italian steel mill and a German water