It’s easier and cheaper now to become an entrepreneur, Egypt's tycoon Sawiris says

RIYADH: The emergence of entrepreneurship is gaining currency across all sections of society as the entry barriers to running a business is far more accessible and economical.

“The world of business has now shaped up in such a way that it is very easy and cheap to become an entrepreneur,” said Egyptian construction tycoon Samih Sawiris.

Sawiris, who stepped down as the chairman of Orascom Development Holding last December, built resorts in Egypt, Montenegro, and Switzerland.

“Business online is a great innovation, and it is going to help a lot of democratization of business, which I find very good,” said Sawiris while speaking at the GEC Summit on Sunday.

“What I find very exciting for me is that most of the world doesn’t really know how much Saudi Arabia is open for business, so I’m happy to be early here.”