Economic

Egypt commits 1,000 sq km in south Sinai to Saudi mega-city: official

“Egypt has committed more than 1,000 square kilometres (386 square miles) of land in the southern Sinai Peninsula to a planned mega-city and business zone unveiled by Saudi Arabia last October, a Saudi official told Reuters on Monday. The territory along the Red Sea is part of a joint fund worth more than $10 billion and announced by the two countries late on Sunday during a visit to Cairo by Saudi Crown Prince Mohammed bin Salman.”

Source: Egypt commits 1,000 sq km in south Sinai to Saudi mega-city: official

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