The sale of Egyptian land to Gulf states has emerged as a key government strategy to bolster the economy, but these new development deals give up prime real estate and only buy time instead of addressing much-needed structural reforms, analysts have told The New Arab. Egyptian officials last weekend entered a $35 billion agreement with the UAE to develop the north coast resort of Ras al-Hekma. The landmark deal will bring much-needed foreign currency to Cairo and has caused the black market to crumble. “It’s a surprise for everyone,” Egypt analyst Maged Mandour told The New Arab. “It was annou…