Egypt - Saudi Arabia Causeway (Bridge)
The Saudi–Egypt Causeway is a proposal to link Egypt and Saudi Arabia with a causeway and bridge. The entire project is expected to cost about 3 billion US dollars. The causeway would link Tabuk to the Red Sea resort of Sharm el-Sheikh on the Sinai Peninsula and would pass through Tiran Island at the entrance of the Gulf of Aqaba.We propose that the causeway would have a railway line in parallel with the lanes. This will integrate the New High Speed Railway proposed (see Railway Project) with the Saudi High Speed Railway.
Benefits:
* Will benefit Egyptian pilgrims by providing safe and fast movement to Saudi Arabia
* Egypt will benefit from the influx of tourists from the Gulf nations
* Will strengthen Arab free trade.
* Will not only facilitate transport between the two countries but would “have a great socio-economic and political impact on the region.
* Many Saudi businessmen will support the project as it will facilitate transportation of goods, especially vegetables and fruits and other agriculture products.
* It would also strengthen relations between Saudi Arabia and Egypt.
* The causeway will benefit many countries in the Gulf and Africa and will bring about a dramatic change in transportation between the two continents.
The Chairman of Foreign Trade at the Egyptian Ministry of Commerce, Hussain Omran, said such a causeway would increase trade between the two countries by more than 300% from the present $4.2bn a year to more than $13bn in two years.
Hisham Zazoua, senior assistant to the Egyptian Minister of Tourism, expected the causeway to increase the number of Saudi tourists visiting Egypt every year to more than 1.2 million from the current 300,000.
Benefits:
* Will benefit Egyptian pilgrims by providing safe and fast movement to Saudi Arabia
* Egypt will benefit from the influx of tourists from the Gulf nations
* Will strengthen Arab free trade.
* Will not only facilitate transport between the two countries but would “have a great socio-economic and political impact on the region.
* Many Saudi businessmen will support the project as it will facilitate transportation of goods, especially vegetables and fruits and other agriculture products.
* It would also strengthen relations between Saudi Arabia and Egypt.
* The causeway will benefit many countries in the Gulf and Africa and will bring about a dramatic change in transportation between the two continents.
The Chairman of Foreign Trade at the Egyptian Ministry of Commerce, Hussain Omran, said such a causeway would increase trade between the two countries by more than 300% from the present $4.2bn a year to more than $13bn in two years.
Hisham Zazoua, senior assistant to the Egyptian Minister of Tourism, expected the causeway to increase the number of Saudi tourists visiting Egypt every year to more than 1.2 million from the current 300,000.
Funding Source: The people (share holders) + Egypt and Saudi governments + Private investors.
