Middle-east Arab News Opinion | Asharq Al-awsat

Saudi prince signs new Egypt farm land deal - ASHARQ AL-AWSAT English Archive
Select Page

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.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube