The Toshka land is owned by a Kingdom Holding unit called Kingdom Agricultural Development Co.

FORBES: Saudi Prince Alwaleed Weighs In On Disputed Egypt Land

While visiting with Alwaleed in Riyadh in 2008, the Prince put me on the phone with the Frenchman who he had put in charge of the Toshka project.

FORBES: Saudi Prince Alwaleed Gives Up Most Of Disputed Egypt Land

The grand plan behind the agricultural development, known as Toshka, was to turn fertile land into an agricultural hub that could feed Egyptians and export fresh fruits and vegetables to other Middle Eastern countries and Europe.

FORBES: Saudi Prince Alwaleed Gives Up Most Of Disputed Egypt Land