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Orascom Telecom to invest USD500m in Egypt’s infrastructure, energy

16 Mar 2015

(MENAFN) Orascom Telecom is set to invest a sum of USD500 million in Egypt, diversifying in infrastructure, energy and transportation, sectors which need major funds in the country, Reuters reported.

According to the Executive Chairman of Orascom Telecom Media and Technology, the government would need to make efforts to follow up with investors.

He said the government should form a committee to firmly thrust the investment agenda forward and help revive Egypt’s economy, which was laid low by four years of political turmoil.

“My advice… is the prime minister should initiate a small office headed by the investment minister with some drivers who continue the dialogue with the investors who committed to the projects in this conference,” the Executive Chairman said.

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