Did Saudi Arabia end up paying Egypt for Tiran and Sanafir islands?

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The Politicus
May 16, 2022 05:51 AM 0 Answers
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Now that its been 5 years since the transfer of Tiran and Sanafir islands to Saudi Arabia, its a bit unclear how much money ended up being transferred between the two countries.

  1. In 2016, it was reported that Saudi Arabia provided a loan of $3b to Egypt, which seems to have been the impetus for them to transfer the islands.
  2. The New York Times wrote in 2016 that Saudi Arabia will provide "a development package for Sinai and an oil deal worth $22 billion to Egypt over five years"
  3. In 2022 the Gulf states have pledged $22 billion to Egypt to help mitigate the Ukraine war fallout, but its unclear if this has anything to do with the 2016 deal

So how much money (if any) did Saudi Arabia end up paying for the transfer of Tiran and Sanafir?

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