Egypt's Economy Needs USS60 bln to Hit 5% Growth- Sawiris

The Egyptian businessman Naguib Sawiris affirmed that Egypt's economy needs US$ 60 billion investments in the short term as well as US$ 15 billion annually to achieve 5% growth rate by the upcoming period.

Sawiris added during a phone call to 'Kol Al Zawaya' show with the famous media figure Dina Abdel Fattah on Al Nahar TV- that he is currently working on promoting March's Economic Summit in many countries, stressing that he attracted the board of the biggest governmental mutual fund in South Africa to participate in the summit.


ISIS released threats about kidnapping the investors before the economic summit will not affect launching the summit or the participants under any circumstances. He threatened," No one can stand against Egyptian will or harming Sharm el-Sheikh city", Sawiris asserted.





Furthermore, he added that Sawiris family are planning to enter new investments in solar power plants field in the recent period, which guarantees the enterance of foreign investors into the Egyptian market, noting that power crisis represents 70% of the Egypt's economic dilemmas.