#loan from Saudi Arabia
Egypt has dedicated about 1,000 square kilometers of land in South Sinai to Saudi Arabia for a megacity project worth of $US 10 billion as part of NEOM project. The agreement has been signed as part of Saudi Crown Prince Mohammed Ben Salman's first visit in Egypt, to last for three days, to further discuss issues of bilateral relations with Egyptian President Abdel-Fattah El Sisi. NEOM Project is a Saudi project launched by bin Salman which aims at introducing megacities to the borders of Egypt,…
