New era of economic ties between Egypt and Saudi Arabia

A handout photo released by the Egyptian Presidency on March 4, 2018 shows Saudi Arabia's Crown Prince Mohammed bin Salman (C) shaking hands with Egyptian officials upon his arrival in Cairo. (AFP)
Updated 05 March 2018
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New era of economic ties between Egypt and Saudi Arabia

Recent investments and potential investments between Saudi Arabia and Egypt.

Oil
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla said Saudi Aramco agreed to supply Egyptian refineries with 500,000 barrels of crude oil per month for six months starting in January 2018.

Electricity
The electricity interconnection project between Egypt and Saudi Arabia aims to connect the power grids of the two countries to exchange a total capacity of 3,000 MW.
Egypt is contributing $600 million to the $1.6 million project, while other funders include the Kuwait Fund for Arab Economic Development, the Arab Fund for Economic and Social Development and the Islamic Development Bank.

Bridge between Egypt and Saudi
The Saudi-Egypt causeway or bridge will link the countries between Sinai and northern Saudi Arabia. The entire project is expected to cost about $3 billion and to pass through Tiran Island at the entrance of the Gulf of Aqaba.
The construction of the King Salman Bridge has been described as the largest project in the world by Egyptian Transport Minister Hashim Arafat.

Potential investments
The Egyptian-Saudi Investment Fund, with a capital of SR60 billion ($16 billion), aims to construct a power plant in Dairout worth $2.2 billion, a water treatment plant, residential projects in Sinai, 90 kilometers of development of coastal road, Taba’s tunnel project and a canal.


Spectacular shows celebrate Saudi National Day in style

Updated 21 September 2019

Spectacular shows celebrate Saudi National Day in style

  • Public will be treated to festivals, concerts and firework displays

RIYADH: With the celebrations for Saudi Arabia’s National Day is in full swing this weekend, there is no shortage of events taking place across the Kingdom.

Among the most interesting and spectacular are three international shows being staged in Riyadh, Jeddah, and Dammam, including a special performance by the world-famous Cirque du Soleil.

“Tariq Al-Himma” will take the audience on a unique and extraordinary artistic journey through the past, present and future of Saudi Arabia, in a show filled with national pride. You can catch the hour-long performance at the Green Halls in Riyadh from September 21 to 23, starting at 9:30 p.m. each night. Doors open at 7 p.m.

The Al-Hamra Corniche in Jeddah is the location for “Star Island” on September 23 from 8 p.m. to 10 p.m. Thousands of fireworks will paint the sky with dazzling colors, accompanied by sounds, light effects and laser beams.

The world’s most popular circus show, Cirque du Soleil, presents a specially created hour-long show for Saudi National Day at the Dhahran Expo in Dammam. Featuring 40 artists performing a variety of acrobatic routines, the show begins at 9 p.m. each night until September 23.

The season of events marking the celebration of the Kingdom’s National Day, which falls on September 23, includes more than 40 entertainment, cultural and sporting events and activities across the country. They include festivals, concerts, firework displays, youth forums and public celebrations.