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Saudi prince signs new Egypt farm land deal | ASHARQ AL-AWSAT English Archive 2005 -2017
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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.