Saudi investor withdraws claim against Egypt
Marsa Matrouh, capital of Matrouh Governorate in Egypt (Credit: By Kevin Gabbert - User: (WT-shared) Kevin James at wts wikivoyage - Own work, Public Domain, https://commons.wikimedia.org/w/index.php?curid=22942310)
A Saudi businessman has agreed to withdraw a US$937 million UNCITRAL claim against Egypt, after a local government agreed to provide land for his real estate and tourism developments by order of a ministerial committee charged with settling investment disputes.
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