Sisi’s decree allows Bahrain king to own three villas in Sinai
Hamad bin Isa Al Khalifa to buy the villas in Sharm al-Sheikh’s Naama Bay for residential use
Egyptian President Abdulfatah al-Sisi has issued a decree allowing Bahrain’s king to purchase three villas in Sinai Peninsula’s tourist haven Sharm al-Sheikh, Middle East News Agency (MENA) reported on Sunday.
Egyptian law prohibits land and property ownership to non-Egyptians in Sinai but Sisi made an amendment, allowing Bahrain’s King Hamad bin Isa Al Khalifa to buy the villas in Sharm al-Sheikh’s Naama Bay for residential use.
Sisi, who was the defense minister, banned the ownership of land in Sinai by non-Egyptians. Before the 2012 law, Egypt allowed Arabs the right to own land in Sinai on a 99-year-lease-period basis.