Saudi Press

Saudi Arabia and the world
Wednesday, Sep 17, 2025

Egypt-born billionaire makes £5m donation to UK Conservative Party

Egypt-born billionaire makes £5m donation to UK Conservative Party

An Egyptian billionaire has given the UK Conservative Party its largest donation in 20 years.
Mohamed Mansour told The Telegraph he believes Prime Minister Rishi Sunak is “very capable” and “understands how growth is generated in the modern economy.”

Mansour donated £5 million ($6.2 million) to the party — the joint-second largest individual donation in UK political history after Lord Sainsbury of Turville gave £8 million to the Liberal Democrats in 2019 — arresting a decline in funding that had seen it overtaken by the opposition Labour Party in its ability to generate cash.

Between July and September, the Conservatives raked in just £3 million, compared to Labour’s £5.4 million, led in part by the defections of major donors such as millionaire Gareth Quarry after the departure of Boris Johnson as prime minister. Quarry accused the Tories of being “riven with arrogance and complacency.”

Mansour, though, said Sunak “gets the importance of technology and innovation. He can make a modern economy work for all citizens.”

Mansour said he valued stability in government, having lived through the upheaval of former Egyptian President Gamal Abdel Nasser’s rise to power.

Mansour wrote in The Telegraph: “When I was a teenager, my family’s assets were confiscated by the state. Egypt’s President Gamal Abdel Nasser, under the influence of his Soviet mentors, nationalized the cotton industry, taking my father’s business from him.

“But he did not stop there. Nasser was convinced that private property rights should not stand in the way of his socialist creed and took my family’s land, homes and other assets.

“My life changed overnight. I was already at university in the United States, but from this moment on, my family could not support me. I had to trade in my car, knuckle down and work as a waiter to pay my way through college. I came to know what it is like to go hungry and to struggle to pay for food and utilities.

“This experience left me with a lifelong belief in the importance of political stability, property rights and the rule of law.”

He called the UK “a place where the rule of law is paramount, property rights are respected, and with an enviable record of political stability.”

He wrote: “I want to give (Sunak) the best chance of having a full five-year term, and so have donated £5 million to the party’s election fighting fund. I look at what he has achieved in his first months in office and think what he could do in five years.

“I love and respect this country, which has welcomed my family and me so warmly. It has a proud history and noble traditions. I believe that it has great days ahead of it. I want to do what I can to help this country — the place where I am watching my grandchildren grow up — achieve its great potential.”

The Conservative Party currently lags around 17 percent behind Labour across UK opinion polls, with the next general election expected some time in late 2024.

Mansour has previously given donations amounting to £600,000 to the party, and sits on the government’s advisory investment council.

He is the chair of the $6 billion conglomerate the Mansour Group, and is personally valued at being worth around $2.9 billion.

In the past he served as Egypt’s transport minister from 2006 to 2009 under Hosni Mubarak, the late Egyptian president forced from office in 2011.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Kuwait opens bidding for construction of three cities to ease housing crunch.
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
×