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Saudi investor drops $937m case against Egypt

Saudi investor drops $937m case against Egypt
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Cairo - Mubasher: The Egyptian ministerial committee for resolve investment disputes has successfully reached a solution for the legal dispute with saudi investor Hashem Al Mehdar.

Al Mehdar has decided to abandon an arbitration case against the governorate of Marsa Matruh.

Al Mehdar has pledged not to take any legal actions against Egypt, as he will be allowed to complete his projects in Marsa Matruh.

It is worth noting that the Saudi businessman was demanding a $937 million compensation from the Egyptian government.