Egypt to hand over one million acres to Saudi companies in 15 days

The Secretary General of the Saudi-Egyptian Businessmen Association (SEBA), Ahmed Sabry, said the Agriculture Minister has promised to hand over one million acres of land within 15 days, according to daily business newspaper Al Mal.
This announcement was made during the meeting that was held between Prime Minister Ibrahim Mehleb and the Saudi companies Tuesday.
An agreement was reached during the meeting to start the process of reclamation works in conjunction with the establishment of urban communities the Housing Ministry plans to build in cooperation with a Chinese company.
Saudi companies that signed onto a reclamation project of one million acres during the Economic Development Conference (EEDC) are upset after the Housing Ministry signed a contract with a Chinese company to study the feasibility of the project and the establishment of new urban communities, Al Mal reported on Tuesday.
Darwish, asked why the Agriculture Ministry signed a contract with companies during the conference if it had not finished with the feasibility studies.

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