Egypt knocks down mega-claim to US$22 billion
The Saudi investors claim expropriation of plots of land inlcuding on Egypt's Red Sea coast (Credit: Shutterstock/elen_studio)
An UNCITRAL tribunal has thrown out US$30 billion in claims lodged by Saudi real estate investors in a treaty case against Egypt, GAR has learned – while it continues to hear remaining claims worth US$22 billion.
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