Naguib ❤️ Saudi Arabia, after all: Celebrity businessman Naguib Sawiris told Arabiya TV yesterday that his decision to not invest in Saudi Arabia isn’t an indefinite thing. Instead, he said, he’s waiting for the enactment of reforms to the kingdom’s investment laws and arbitration setup before he looks at opportunities there. Sawiris made the remarks after telling CNBC last week that he wouldn’t invest in Saudi Arabia because, “why would I go somewhere where I am not convinced there is a rule of law and order. And that there is real democracy, and that people are free.” He also urged the oil-rich kingdom to “come straight on human rights.” Sawiris told Arabiya that he loves Saudi Arabia has many Saudi friends.

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