What makes a leader in the Egyptian economy?
I believe that the leader in this country is the one who invests serious money in the economy. It is no longer the era of managing a project with banks or other people s investments. It is very costly. You have to have solid finance and the appetite to make long term investments or medium term investments. You have to believe in management and invest in it. Today we pay LE 40 million annually as a base salary (fringe benefits are not included in this figure). Some members of my staff receive salaries as the European standard. If you look at the difference in living standards between Egypt and Europe, you will find how much I believe in management. I believe that it is a matter of investments, management, system and long term vision. 13/Q: What has been your most satisfying achievement since you have been chairman of Ghabbour Group? I did not inherit my company. I made it the way it is now. I did work in my father s company but he was a 25% shareholder. My equity was 12.5% (the rest wen
