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Saudi tycoon to sign land deal in Egypt soon
The Egyptian Gazette Published in The Egyptian Gazette on 22 - 05 - 2011

CAIRO - Saudi business tycoon Al-Waleed bin Talal is scheduled to visit Cairo next week to sign a land deal with the Egyptian Government, local media said Sunday.
The Saudi tycoon is expect to sign a contract of 25,000 feddans (acres) in Toshka.
"Bin Talal has agreed on the new terms made by the Egyptian Government, selling 10,000 feddans and another 15,000 feddans in usufruct," Mohamed Gamal Eddin, a legal advisor to the Kingdom Agricultural Development Company (KADCO).
Last week, Egypt's Ministry of Agriculture and the Saudi prince agreed to the return to the Government of 75,000 feddans out of a total of 100,000 feddans.

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