Saudi prince signs new Egypt farm land deal
CAIRO, (Reuters) – Saudi billionaire Prince Alwaleed bin Talal signed an agreement with the Egyptian government on Tuesday to resolve a dispute over land allocated to his Kingdom Agricultural Development Holding, the Egyptian cabinet said. Egypt’s public prosecutor said in April that the
CAIRO, (Reuters) – Saudi billionaire Prince Alwaleed bin Talal signed an agreement with the Egyptian government on Tuesday to resolve a dispute over land allocated to his Kingdom Agricultural Development Holding, the Egyptian cabinet said.
Egypt’s public prosecutor said in April that the 1998 sale of land for a farming project at Toshka in southern Egypt had violated the law.
The Saudi company later agreed to give back 75,000 feddans of the land out of a total of 100,000 feddans, according to Egypt’s government.