Saudi Prince Alwaleed bin Talal announced Sunday an agreement has been reached on returning most of his disputed agricultural land in Egypt back to the government.
Alwaleed said he would return 75,000 out of a 100,000-acre (40,469 hectare) agricultural property frozen two weeks ago by Egypt's public prosecutor after raising questions over the legality of its sale in 1998.
"We have reached a preliminary deal satisfactory to us, to the Egyptian people and government to return 75,000 acres," Alwaleed told reporters in Kuwait City.
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