Egyptian billionaire Naguib Sawiris answers journalists' questions during the "Rome 2015 MED, Mediterranean dialogues" forum in Rome, Italy, December 10, 2015. REUTERS/Remo Casilli/File Photo
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Egyptian billionaire businessman Naguib Sawiris said Tuesday he sees opportunities for mining, telecoms and hotels in North Korea if a summit between its leader Kim Jong Un and U.S. President Donald Trump later this month is successful.Sawiris, whose telecoms business operates the Koryolink mobile phone network in North Korea in a joint venture, said the impoverished country needed investments across the board from hotels to roads to modern methods of agriculture.I think the North Koreans -- all that they want -- is recognition, respect, dialogue and they are getting it now".He said mobile phone penetration in North Korea was around 15 percent of the population or some three million people and market growth was limited because of expensive handsets that needed to be paid for in foreign currency.
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