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Egyptian officials had previously expressed their desire to host the 2034 World Cup and had also launched an unsuccessful bid to co-host the 2030 edition alongside Saudi Arabia and Greece.
"Saudi Arabia will stand up and organise a historic edition of the World Cup, and we wish our Saudi brothers every success," Hany Abo Rida said during the 14th CAF extraordinary general assembly in Cairo.
"But at the same time we hope that (FIFA president) Mr. (Gianni) Infantino will grant us, as Africans and Egyptians, the honour of hosting and organizing one of the World Cup groups in 2034."
Saudi Arabia will become the third Arab country to host the World Cup, after Qatar in 2022 and Morocco in 2030, when it is co-hosting with Spain and Portugal.
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