Samih Sawiris Opens Luxury Shopping Street in Andermatt
Samih Sawiris, the Egyptian investor, has opened a new luxury shopping street called Furkagasse in Andermatt, Switzerland, showcasing high-end stores and dining options. His investments, exceeding 1.5 billion Swiss francs over 20 years, have transformed the village, attracting wealthy tourists. While the local community initially supports him, rising property prices and living costs are raising concerns among residents. The mayor of Andermatt, Peter Baumann, acknowledges these issues but highlights the overall benefits of development in the area.