VOL. XL No. 2126-May-1997SAUDI ARABIANew Investments In Egypt And Jordan For Prince Al-Walid Saudi Prince al-Walid ibn Talal announced on 18 May that he will invest in two newprojects, a $2bn project to reclaim desert land in Egypt and a $43mn project in Jordan toextract minerals from the Dead Sea. The prince will be the major shareholder in theKingdom Agricultural Company, which plans to farm around 1,800 sq. kms. of land in thedesert in southwestern Egypt. The project, which is open for...
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