In a statement to Al-Masry Al-Youm, Abaza said his ministry is currently working on providing such plots of land in South el-Qantara, Bier Abd and other areas. He added however that the arrangement excludes foreign investors because of government restrictions on foreign ownership of land in Sinai.
Abaza affirmed that the government will provide investment incentives by providing water, energy and transport requirements for these projects to succeed. It will also help investors export their products, the minister added.
Abaza said they will present Talal with three alternatives: full cultivation of the entire area of land with government-procured water, a partnership with Egyptian investors, or relinquishing his rights to part of the land.
Al-Masry Al-Youm had published on 8 February the full text of the contract allocating 120,000 feddans in Toshka to Prince Talal's project. The contract gave Prince Talal what seemed to be unreasonable privileges, given the scale of the Toshka undertaking which has cost more than LE6 billion.