Egypt: Egypt, Kingdom Holding sign deal on disputed Toshka land

Egypt and Kingdom Holding Co., the company controlled by Saudi billionaire Prince Alwaleed bin Talal, have signed an agreement in Cairo over contested land in Toshka in southern Egypt. The signing ends a dispute over a 100,000-feddan (104,000- acre) piece of land that is part of the Toshka agricultural development project, which is intended to use water diverted from the Aswan High Dam reservoir to irrigate land in Egypt’s western desert. Kingdom’s original acquisition came under criticism after a revolution in Egypt that ended the 30-year rule of President Hosni Mubarak.