Saturday, Jul 16, 2011
BEIRUT (Zawya Dow Jones)--Saudi Arabia and Egypt will discuss again a mega causeway project to link the two countries across the Gulf of Aqaba that was previously rejected by the regime of former Egyptian president Hosni Mubarak, pan-Arab Al Hayat daily reports Saturday citing an official.
In its next meeting on Aug.13 in Jeddah, the Saudi-Egyptian Business Council will discuss this project which could be financed by investment funds from the Arab Gulf region or by the private sector, Abdullah Dahlan, the council's chairman, said according to the paper.
The council members have proposed that studies be carried out about the project, and its financial cost and economic feasibility, in order to re-launch it and present it to the two countries' officials, he told Al Hayat.
The 32-kilometer causeway will stretch from the Ras Humaid area in Saudi Arabia, then cross the Tiran Island, to reach the Ras Nasrani area near Sharm El Sheikh, the daily reports.
Newspaper website: http://ksa.daralhayat.com/ksaarticle/288568
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
16-07-11 0944GMT
