CAIRO — Egypt’s President Abdel Fattah Al-Sisi has issued a decree allowing a Saudi national to buy a land previously allowed only for Egyptians to own, according to a statement published in the local Al-Jarida Al-Rasmiya newspaper.
Saudi man named Hamood Bin Mohammed Bin Nassir Al-Salih wanted to purchase two plots of land on the Cairo-Alexandria desert highway but was surprised to find out that only Egyptians were allowed to be the owners, the paper reported.
Without explaining how, the paper said this prompted Sisi to issue a decree allowing Salih to buy the land.
Egypt’s cabinet has recently approved a $2.5 billion grant from Saudi Arabia, which was initially signed during the visit of Custodian of the Two Holy Mosques King Salman, Al-Ahram newspaper reported.
Egypt and Saudi Arabia signed final loan agreements worth over $24 billion during King Salman’s visit, according to Egypt’s minister of international cooperation. — Al Arabiya News
