Tycoon from Egypt's wealthiest family ready to invest billions to boost 'solid state'

March 13, 2015 3:36 PM

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Tycoon from Egypt's wealthiest family ready to invest billions to boost 'solid state'

Egyptian billionaire businessman Naguib Sawiris speaks to journalists prior to the opening of a major economic conference seeking billions of dollars in investment, in Sharm el-Sheikh, Egypt, Friday, March 13, 2015. Egyptian President Abdel-Fattah el-Sissi approved a package of amendments to investment laws on Thursday, aimed at enticing foreign investors on the eve of the conference that will bring together hundreds of business executives and foreign leaders. (AP Photo/Hassan Ammar) (The Associated Press)

SHARM EL-SHEIKH, Egypt – A tycoon from Egypt's wealthiest family said Friday that they are putting up a fifth of the country's investment needs this year because it is the most stable place in a turbulent Middle East.

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