Egyptian billionaire Naguib Sawiris, chairman of Orascom TMT Holding, speaks during the Egypt Economic Development Conference (EEDC) in Sharm el-Sheikh, in the South Sinai governorate, south of Cairo, March 14, 2015. REUTERS/Amr Abdallah Dalsh
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
One of Egypt's wealthiest businessmen said he had not invested any of the $500 million he pledged to his country in March because of the slow pace of reforms promised by the government.The chairman and chief executive of Orascom Telecom, Media and Technology, blamed bureaucracy and middle-level officials in Egypt for what he called "stagnation".It has picked up under President Abdel-Fattah al-Sisi, the former army general who oversaw the ouster of Egypt's first freely elected president, Islamist Mohammad Morsi, in 2013 but analysts expect it to be below the 5 percent official forecast.Sawiris said he himself had received threats from groups like ISIS and that police had arrested militants who had his name written on a document.But he has no plans to leave Egypt.
FOLLOW THIS ARTICLE