Egyptian businessman says Cairo should fire slack civil servants

March 14, 2015 17:15

SHARM EL-SHEIKH - One of Egypt's top businessmen said on Saturday the country needs to fire inefficient civil servants to attract investment and strengthen the economy.

Speaking at an international investment conference in the Red Sea resort of Sharm El-Sheikh, billionaire Naguib Sawiris, chairman of Orascom TMT Holding, said firm action was needed.

"Unfortunately, the structures under the ministers are not working as fast and efficient as our current ministers," Sawiris told the economic summit.

"We're lucky we have these good performing ministers right now, but some of them are stuck with old management from the past, when we should have fired all the people under them and brought in new ones."

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