Egypt's Sawiris to diversify Orascom, invest $500 million in Egypt

Top Egyptian businessman Naguib Sawiris said he was ready to invest $500 million in Egypt and was diversifying his telecoms business into infrastructure, energy and transportation, sectors which need major funds in the country. They need to have a pusher, and the minister of investment is a pusher," said Sawiris, 60, chairman and chief executive of Orascom Telecom, Media and Technology . He said the government should form a committee to firmly thrust the investment agenda forward and help r