In an interview with the Riyadh Post, Egyptian sources said that Saudi Arabia had officially received the islands of Tiran and Sanafir and had been annexed to the kingdom's maritime authority.
Prince Mohammed bin Salman, the Crown Prince of Saudi Arabia, accompanied the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed, during a tour of the kingdom's northern and marine islands, including the two islands, the sources said.
The islands are expected to be part of Saudi Arabia's ambitious "Red Sea Project", through which the Kingdom wants to be its global tourism platform by exploiting about 50 islands with a temperate climate and unique marine environment.
The "Red Sea Project" islands will be one of the Kingdom's strategic projects and its ambitious "Saudi Vision 2030" project aimed at building a less oil-dependent kingdom.
The Saudis spend billions on tourist trips each year, which the Saudi government seeks to turn into domestic spending, and making Saudi Arabia the first destination for Saudis.
Egypt officially announced in April 2017 that the islands of Tiran and Sanafir in the Red Sea are Saudi lands. The Egyptian Cabinet also announced that a joint Egyptian-Saudi committee ended after 11 rounds of meetings of the maritime border between the two countries.
The declaration of the dependence of the two islands to Saudi Arabia was made during King Salman's visit to Egypt, during which several agreements were signed to support Egypt economically.