Saudi Prince al-Waleed’s land ’frozen’ | Al-Masry Al-Youm : Today’s News from Egypt
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Egypt’s public prosecutors’ office said on Sunday it had ’frozen’ land in southern Egypt controlled by Saudi billionaire Prince al-Waleed bin Talal because the original sale of the land violated the law.
Yeah !
The spokesman said Al-Waleed’s contract violated Egyptian law because the area KADCO bought was twice the legal limit and because it improperly exempted al-Waleed’s company from all taxes and fees.
C’est énorme ! Les rachats de terre par les séoudiens sont un fait marquant dans le monde arabe : impact sur le développement, impact sur l’agriculture, impact sur la politique, etc.