Egypt: Saudi billionaire Prince Alwaleed in land dispute

Saudi Prince Alwaleed bin Talal, the richest man in the Middle East, had a grand vision for turning a swath of land in southern Egypt into an agricultural marvel. Since 1998 Alwaleed has invested $127 million in 100,00 acres (40,470 hectares) of land in the Nile River delta Tushka agricultural project (also known as Toshka). Egypt’s public prosecutor’s office said Sunday (10 April) it froze the land controlled by Alwaleed because the original sale of the land violated the law, Reuters reported.