Nassef Sawiris returns to Cairo after closing his London office

Nassef Sawiris flew from a point off the Italian coast near Monte Argentario to Cairo International Airport on June 8, a 2-hour-40-minute hop aboard his Gulfstream G700, M-USIK. The flight originated near the luxury port town of Porto Santo Stefano, a gateway to the Tuscan archipelago, and arrived in Egypt’s capital just before dusk.

The return to Cairo comes the same week that Nassef Sawiris formally closed his London family office NNS Advisers, completing a multi-year exit from the United Kingdom triggered by the abolition of the non-domicile tax status, per an April 24 report by Bloomberg. The policy change, which took full effect on April 6, 2025, removed the two-century-old shield that allowed wealthy foreign nationals living in the UK to avoid taxation on overseas income. Nassef Sawiris has already moved his primary residence to Italy, where a flat annual levy of €200,000 replaces the UK’s reformed tax regime, and relocated his family office to Abu Dhabi.

The landing in Cairo is consistent with Nassef Sawiris’s home-base pattern: his aircraft logs frequent returns to HECA between trips to London, Amsterdam, and New York. This journey, however, reads less like a routine visit and more like a deliberate pivot — a billionaire reshaping his geographic footprint one flight at a time.