06-03-2018
Egypt to pledge 1,000 square kilometers of land in southern Sinai to the industrial city of NEOM,
which Saudi Arabia announced last year at a cost of $ 500 billion,
a Saudi official said.The Saudi official said: "Saudi Arabia will cooperate with Egypt
and Jordan to attract European shipping and tourism companies to work in the Red Sea
during the winter." The Red Sea land is part of a $ 10 billion mutual fund that
the two countries set up late on Sunday during Saudi Crown Prince Mohammed bin Salman's visit
to Cairo.