{"id":652777,"date":"2017-01-18T04:06:32","date_gmt":"2017-01-18T04:06:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/saudi-funded-development-projects-ongoing-sources\/"},"modified":"2017-01-18T04:06:32","modified_gmt":"2017-01-18T04:06:32","slug":"saudi-funded-development-projects-ongoing-sources","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/saudi-funded-development-projects-ongoing-sources\/","title":{"rendered":"Saudi funded development projects ongoing -sources"},"content":{"rendered":"<p>Projects financed by Saudi Arabia in Egypt have not come to a standstill, a government source told <a href=\"http:\/\/www.alborsanews.com\/2017\/01\/17\/%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D9%85%D9%88%D9%84%D8%A9\/\">Al Borsa<\/a>, a day after the Higher Administrative Court\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/17\/higher-administrative-court-rejects-govt-appeal-on-tiran-sanafir\/\">ruling<\/a> to annul the maritime border demarcation agreement with Saudi Arabia. According to the USD 1.5 bn agreement from the Saudi Development fund, completing 25% of any project triggers the disbursement of the following tranches of finances, the source said. Other sources added that some joint investment projects between the two governments are in the contracting stage.The Saudi Arabian government and its officials have been quiet and reactions to the verdict have been limited to social media platforms. <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=17012017&id=39f82d38-edc1-4aca-aec5-2bfd0c3ff451\">Al Shorouk<\/a>spoke to Saudi shura council member Mohamad Abdullah Al Zalfa, who stressed that the issue will not affect Saudi-Egyptian relations and the matter shouldn\u2019t go to international arbitration. Meanwhile in Egypt, Legal Affairs Minister Magdy El Agaty said on Tuesday that article 151 of the constitution gives MPs the right to review and sanction any treaty despite any court rulings, so long as they don\u2019t result in the \u201cceding of any part of state territories,\u201d <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/256280\/Egypt\/Politics-\/Tiran-and-Sanafir-What-is-the-deals-fate-after-lat.aspx\">Ahram Online<\/a> said. House Speaker Ali Abdel Aal concurred. In his first televised interview<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Projects financed by Saudi Arabia in Egypt have not come to a standstill, a government source told Al Borsa, a day after the Higher Administrative Court\u2019s ruling to annul the maritime border demarcation agreement with Saudi Arabia. According to the USD 1.5 bn agreement from the Saudi Development fund, completing 25% of any project triggers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9346],"tags":[2376,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652777","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"d735e60f-7203-42de-a7aa-a279c6fddbfb","order":"0","is_powered_by":true,"section_story_id":"39aeff61-6216-4fc7-9f12-75ac6d3b85bb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652738],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi funded development projects ongoing -sources - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/saudi-funded-development-projects-ongoing-sources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi funded development projects ongoing -sources\" \/>\n<meta property=\"og:description\" content=\"Projects financed by Saudi Arabia in Egypt have not come to a standstill, a government source told Al Borsa, a day after the Higher Administrative Court\u2019s ruling to annul the maritime border demarcation agreement with Saudi Arabia. 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