Tycoon Sawiris Pumps $One Billion Investments in Egypt by Q1/14

Egyptian business tycoon Naguib Sawiris said he is planning to launch a new investment package worth one billion Egyptian pounds in Egypt within the first quarter of 2014.

On the sidelines of the Gulf-Egyptian Investment Forum which kicks off during December 4th and 5th in Cairo, the business tycoon revealed his plans to pump new investments in various sectors such as industry, agriculture, telecommunications, and internet.

Sawiris noted that the business revival is the sole gateway to overcome the ongoing economic stalemate in Egypt.

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