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

By Stephen Kalin and Michael Georgy SHARM EL SHEIKH, Egypt (Reuters) - 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. Sawiris, a billionaire from a powerful Coptic Christian family, said the investment conference in the Red Sea resort of Sharm El-Sheikh had been a success but that the government would need need to mak