Labourers work in front of newly constructed houses and villas in the Fifth Settlement district of New Cairo March 30, 2013. Two years of upheaval have devastated much of Egypt's economy. Mideast Money EGYPT-HOUSING/ REUTERS/Amr Abdallah Dalsh
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Three Egyptian real estate executives said Thursday that their companies have suspended housing deals with the Saudi Arabian government amid political tensions between the two countries.Al Ahly for Real Estate Development, Talaat Mostafa Group, Misr Italia, and Orbit Group were to build housing units in Saudi Arabia.Orbit Group also told Reuters its agreement with Saudi Arabia was suspended but declined to provide details.Signs of political disagreements between Egypt and Saudi Arabia became apparent months after the two countries signed various agreements worth $22.6 billion during Salman's visit in April.
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