Riyadh’s causeway to connect Africa

 

Bloomberg

The Kingdom od Saudi Arabia seeks to establish itself as a trade hub connecting Europe, Africa and Asia.
The causeway that is planned to link Saudi Arabia with Egypt will be a key component of future trade exchanges between the kingdom and Africa.
In the Vision 2030 document that was released on April 25, Riyadh said it plans to leverage its geographical position and establish itself as a trading hub connecting Europe, Africa and Asia.
“We will seek to effectively link with other countries in the region through enhanced logistics services and new cross-border infrastructure projects, including land transport projects with Africa through Egypt,” said the Vision 2030 document.
“Logistical and trade exchanges will be streamlined, further cementing our pre-eminent position as a major trade hub.” The proposed causeway was agreed between Cairo and Riyadh during King Salman bin Abdulaziz al-Saud’s visit to Egypt in early April. “I agreed with my brother, President Abdul Fattah al-Sisi, to build a bridge connecting the two countries,” said King Salman. “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.”

Leave a Reply

Send this to a friend