Home » African Market: Saudi Arabia, Egypt agree to build bridge over Red Sea, to boost commerce

African Market: Saudi Arabia, Egypt agree to build bridge over Red Sea, to boost commerce

by Atqnews23
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King Salman of Saudi Arabia has said that an agreement has been reached with Egypt to build a bridge over the Red Sea connecting the two countries.

The monarch made the announcement in televised comments on Friday – the second day of his visit to Cairo – after meeting Egyptian President Abdel Fattah el-Sisi, and before representatives of the two countries began signing investment deals.

“I agreed with my brother, his Excellency President Abdel Fattah el-Sisi, to build a bridge connecting the two countries,” Salman said.
“This historic step to connect the two continents, Africa and Asia, is a qualitative transformation that will increase trade between the two continents to unprecedented levels.”

It was not mentioned where the bridge would be built, but at the closest point – Nabq, just north of Sharm el-Sheikh, in Egypt, and Ras Alsheikh Hamid, in Saudi Arabia – the two countries are 16km apart.
The plan to build a joint bridge over the Red Sea at the entrance of the Gulf of Aqaba has been in the pipeline for several years.

Earlier proposals suggested the causeway would feature a railway line in parallel with the road lanes, integrating both country’s proposed high-speed railway systems. In that plan, the causeway would pass through Saudi’s Tiran Island, which would serve as a connection between the two countries.
Sisi, who minutes before the announcement had presented the king with the ceremonial Nile Collar, suggested the name “King Salman bin Abdel Aziz Bridge”.

“The unique quality of the relations between Egypt and Saudi Arabia, the extent to which they are strong and deep-rooted, will allow us to face mutual challenges,” Sisi said.

“Our cooperation will certainly allow us to resolve all of our regional crises, such as in Palestine, Yemen, Libya and Syria.”

Besides the announcement, Saudi and Egyptian representatives signed 17 investment deals and memorandums of understanding.

A government official said that the deals with Saudi Arabia during Salman’s visit would amount to about $1.7bn.

Saudi Arabia is one of the top foreign investors in Egypt, with more than $8bn pledged late last year in sectors such as tourism, agriculture and information technology.

It has also promised to help the country meet its energy needs.
Riyadh has helped to finance Sisi’s government since the Egyptian leader – then army chief – overthrew President Mohamed Morsi in 2013, giving billions of dollars in aid, grants and cash deposits to help buoy the country’s economy.

Egypt has faced years of political upheaval since the 2011 uprising that toppled longtime leader Hosni Mubarak, prompted a foreign-reserves crisis and slowed economic growth.
The country has since grown dependent on aid from abroad, although it says it seeks to wean itself off as soon as possible.


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