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FINANCIAL NEWS
King Salman Bridge to boost trade with Egypt
30 May 2016
(MENAFN) The cost of the King Salman Bridge, which will be built via the Red Sea linking Saudi Arabia and Egypt, will be recovered among 10 years.
Accordingly, the bridge will play an essential role in enhancing trade in the region, and it won’t take more than 10 years to recover the cost.
Moreover, it will also take three years to be finished with a cost of USD 3bn to USD 4bn, which will increase Gulf investment chances in Egypt.
In addition, the bridge will also cut travel time between the Kingdom and Egypt to 30 minutes and will be the first link between Africa and Asia.
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