Muslims WorldWide

Saudi Arabia to build a 30-mile bridge across Red Sea to Egypt for ‘investment’ purposes


Saudi Arabia to build a 30-mile bridge across Red Sea to Egypt and invest $4billion in building projects to bolster its neighbour’s struggling economy

  • King Salman agrees deal to build bridge joining Egypt and Saudi Arabia
  • $20 billion deal to finance Egypt’s oil needs for next five years also agreed
  • Saudi Arabia is also expected to sign a $20 billion deal to finance Egypt’s oil needs

 

King Salman has announced that a bridge connecting Egypt and Saudi Arabia would be built across the Red Sea following a meeting with Egypt’s President Abdel Fattah al-Sisi.

There has been long-held suggestions of the construction of a 30 mile bridge, stretching from  Ras Nasrani, close to the Egyptian resort of Sharm el-Sheikh to Ras Hamid in northwestern Saudi Arabia.

Saudi Arabia is also expected to sign a $20 billion deal to finance Egypt’s oil needs for the next five years and a $1.5 billion deal to develop its Sinai region.

King Salman has announced that a bridge connecting Egypt and Saudi Arabia would be built across the Red Sea following a meeting with Egypt's President Abdel Fattah al-Sisi

There has been long-held suggestions of the construction of a 30 mile bridge, stretching from Ras Nasrani, close to the Egyptian resort of Sharm el-Sheikh to Ras Hamid in northwestern Saudi Arabia

Saudi businessmen are investing $4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10 percent of that sum in Egyptian banks, the deputy head of the Saudi-Egyptian Business Council said this week.

Saudi Arabia’s financial support for strategic ally Egypt will no longer involve ‘free money’ and will increasingly take the form of loans that provide returns to help it grapple with low oil prices, a Saudi businessman familiar with the matter said.

‘This is a change in strategy. Return on investment is important to Saudi Arabia as it diversifies sources of revenue,’ the businessman told Reuters on Friday during what has been described as a ‘historic’ visit to Cairo by Saudi King Salman.

Saudi Arabia, the United Arab Emirates and Kuwait showered Egypt with billions of dollars after then-military chief Abdel Fattah al-Sisi toppled President Mohamed Mursi of the Muslim Brotherhood in 2013 after mass protests against his rule.

But low oil prices and differences over regional issues have called into question whether such strong support is sustainable.

Egypt is struggling to revive an economy hit by years of political upheaval since the 2011 uprising that ousted President Hosni Mubarak, as well as an Islamist insurgency in the Sinai Peninsula.

Saudi Arabia, the United Arab Emirates and Kuwait showered Egypt with billions of dollars after then-military chief Abdel Fattah al-Sisi toppled President Mohamed Mursi of the Muslim Brotherhood in 2013 after mass protests against his rule

Egypt is struggling to revive an economy hit by years of political upheaval since the 2011 uprising that ousted President Hosni Mubarak, as well as an Islamist insurgency in the Sinai Peninsula

The more measured Saudi approach could increase pressure on Sisi to deliver on promises of an economic turnaround and job creation in the most populous Arab nation through infrastructure mega-projects.

‘Saudi Arabia will be making investments and soft loans. No more free money,’ said the businessman.

Gulf monarchies applauded Sisi after he seized power in 2013, removing the Muslim Brotherhood — seen as an existential threat to their wealthy nations — and mounting the fiercest crackdown on dissent in Egypt’s modern history.

Sisi went on to become elected president on promises of stability but cracks are beginning to appear in what was once the cult-like adulation he enjoyed among many Egyptians, with TV talk show hosts increasingly critical of government officials.

The Gulf Arab allies have grown increasingly disillusioned at what they see as Sisi’s inability to address entrenched corruption and inefficiency in the economy, and at Cairo’s reduced role on the regional stage.

Riyadh’s new approach does not mean the Gulf States will abandon Egypt financially or politically.

With Iraq, Syria and Yemen immersed in civil war, and Saudi Arabia preoccupied by its region-wide rivalry with Iran, Riyadh is determined to stop the Egyptian state from failing. It will maintain some aid despite its own tighter budgets from falling global oil prices, analysts say.

 ….

And here the Saudi Barbarians were engaged in funding and supporting former president Morsi, the Muslim Brotherhood elected leader for Egypt, who quickly ordered his followers to engage in the random execution of infidels across Egypt:


 

 

 

4 thoughts on “Saudi Arabia to build a 30-mile bridge across Red Sea to Egypt for ‘investment’ purposes

  1. Where does this leave Israel? Saudi on the Peninsular is more about exploiting Oil reserves in the Sinai? Wabbahi Islam is now on the march from Saudi across the world, the most violent form of Islam next to Shiia! The future does look bright!

    Like

  2. Perhaps the Saudi Barbarian rulers want another place they can drive their Ferraris and Lambos to and then at Sharm el Sheikh, visit gentlemen’s clubs, for girls in bikinis, sex, and alcohol like they do in Bahrain, Dubai and (until recently) in Lebanon.

    Like

  3. “Egypt is struggling to revive an economy hit by years of political upheaval since the 2011 uprising that ousted President Hosni Mubarak, as well as an Islamist insurgency in the Sinai Peninsula.” – Political upheaval from since fall of Mubarak and Islamist insurgency ? – Now who could’ve instigated, promoted, supported, and/or caused that? The U.S. and its NATO lackies, with at least tacit approval from globalists at the UN.

    “With Iraq, Syria and Yemen immersed in civil war, and Saudi Arabia preoccupied by its region-wide rivalry with Iran, Riyadh is determined to stop the Egyptian state from failing.” – Iraq, Syria, Yemen, Iran, failed/failing states, it all bears the mark of guess who – U.S. and its NATO lackies, with at least tacit approval from globalists at the UN. And who’s empowered Iran by introducing and championing the JCPOA ?

    U.S. foreign policy – promoting instability in the Middle East, uncapping the Islamic demonic genie from the bottle and ushering in an era of One Thousand and One Islamic Jihadi Nightmares, along with millions of “refugees” invading Europe, and soon the U.S. Because Western “leadership” is instigating and promoting the Muslim invasion into our societies – fulfilling the Saudis’ own plans – Saudi Arabia can concentrate its resources on consolidating and expanding its influence in the Mid East.

    Like

Published under FAIR USE of factual content citing US 17 U.S.C. § 107 fair use protection, Section 107 of the Copyright Act of 1976 and UK Section 30(1) of the 1988 Act.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s