Ahmad 
Social media in Egypt has witnessed widespread controversy over the news that “Emirati investors bought the Egyptian city of Ras El Hikma” for $ 22 billion.
Egyptian media denied the allegations for two days, but later returned to highlight an investment deal in the same area, Ras al-Hikma, by foreign investors, without revealing their identity or the terms of the deal.
In this context, Egyptian journalist Ahmed Moussa topped the discussion about this deal on the “X” platform and his program “On My Responsibility”, which is broadcast on the Egyptian channel Al-Nahar.
Moussa stressed that Egypt is preparing to solve the exchange rate crisis after securing $ 20 billion in local and global partnership deals, development, and direct investment, in addition to external financing.
Moussa’s remarks provoked angry reactions in the Egyptian public, as he was accused of selling “national land” and demanded that the truth of the action be revealed, especially in light of the possible link to news of the recent sale.
Egypt is currently experiencing one of the worst economic crises in its history, with an annual inflation rate of 35.2%, as a result of the devaluation of the local currency and the shortage of foreign currency, which led to great pressure in light of the import of the bulk of food.
Egypt’s foreign debt has more than tripled in the last decade, reaching $164.7 billion, with maturities of more than $42 billion in March.