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Egyptian tycoon Naguib Sawiris said on Monday he plans to invest in the mining sector in West Africa region in the coming period.
“I plan to invest in some West African countries where they enjoy political stability and laws that regulate investments in the mining sector,” Sawiris told reporters on the sidelines of an economic conference in Cairo.
The man with a net worth of $5 billion, according to Bloomberg’s Rich list, has invested across emerging markets and in some developed nations throughout his career, including setting up a mobile-phone operator in North Korea.
He sees opportunities in Africa and other Latin American countries, including Brazil and Argentina.
