Egyptian President Abdel Fattah Al-Sisi issued a Presidential decree allowing King of Bahrain Hamad bin Isa Al Khalifa to own land and property in Egypt’s Sinai, reported state-owned MENA.
As Egyptian law restricts land and property ownership rights in Sinai to Egyptians who are born to Egyptian parents and have no other citizenship, a decree was required to allow the King of Bahrain to purchase three villas which are part of the Movenpick Hotel.
The law was first issued during the presidency of Mohammed Morsi. The law was reportedly introduced by Sisi, who at the time was Minister of Defense, to prevent the selling of large parts of Sinai to foreigners. At the time, there had been concerns that Morsi would attempt to sell or give away land in the Sinai to Palestinians.
The law does not restrict foreigners from purchasing land or property in other areas of Egypt.
The King of Bahrain visited Egypt on numerous occasions. In April, the King stayed in Sharm El-Sheikh and praised the city’s tourism facilities and diversity of activities provided to visitors. The King was photographed playing volleyball, snorkeling, walking in the markets and more during his visit.