Following his relocation to the United Arab Emirates, Egypt’s wealthiest billionaire, Nassef Sawiris, has unveiled plans to invest $50 billion in American infrastructure over the next decade. The investment, to be channelled through a restructured Orascom Construction, merged with OCI Global and re-domiciled in Abu Dhabi, positions Sawiris to capitalise on the United States’ infrastructure revival. More broadly, the pledge reflects a strategic alignment with the Gulf’s wider drive to direct capital towards the US. Yet questions remain over the tangible benefits of previous Gulf commitments, particularly in the aftermath of Israel’s strike on Doha, which has cast fresh doubt on the resilience of US–Gulf relations.
