Luxury resort on the Horizon? Sawiris opens shopping mall in Andermatt

Investor Samih Sawiris has unveiled a new shopping mall in Andermatt, a the mountain village in canton Uri, offering an array of luxury goods. Like a winter wonderland: Amid falling snowflakes, Egyptian investor Samih Sawiris inaugurated a new shopping mall in Andermatt on Saturday. “This is a dream come true for me,” he said with a beaming smile as the audience, including many locals, applauded. Yet, like all good fairy tales, Andermatt's story has its darker side. Audi showroom in the mountain village Over the past 20 years, Sawiris has invested more than CHF1.5 billion ($1.68 billion) in Andermatt. With this, he has built a completely new part of the village: the Reuss district. Situated at the entrance to the village, slightly away from the centre, it is easily identifiable by its modern, expansive buildings. The latest addition to the district is Furkagasse, a shopping street that Sawiris opened last weekend. It features luxury stores, gourmet restaurants, and even an Audi ...