MENA Holding: The decision of the Egyptian government to dismantle the land of Al Ayat is against the law

March 2, 2011

Reuters

The Egyptian-Kuwaiti Company for Development and Investment said yesterday that the decision of the Egyptian government to cancel the contract of the land of Ayat owned by it contradicts with the Egyptian law on desert land, stressing its commitment to the safety of its position.

The Kuwait Holding Company owns the Egyptian Kuwaiti Development and Investment Company, which owns 26,000 feddans in the city of Ayat, south of Cairo.

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