Rumors of the UAE buying Red Sea city for $22 billion are baseless: Media sources
Egyptian media outlet sources have debunked reports claiming that Emirati investors had acquired the city of Ras al-Hekma on Egypt’s North Coast for $22 billion. The sources clarified that there were no current agreements in place with Emirati businessmen to allocate land in the Ras al-Hekma area. In statements to the Cairo 24 website, the …
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Egypt Independent
February 2, 2024
