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The suspension of housing deals between Egypt and Saudi Arabia

Saudi Arabia - March 6, 2017

Housing deals between Egypt and Saudi Arabia have been put on hold, according to Reuters.

Due to the tension between the two countries, Al Ahly for Real Estate Development, Orbit Group, and Misr Italia announced that all deals have been suspended with Saudi Housing Ministry despite the conclusion of all project studies because of worries over tensions between both countries, said Hussein Sabour, Al Ahly for Real Estate Development Chairman.

On the other hand, Saudi officials have not responded yet with regards to the matter.

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