Can A Giant Bridge Ease Egypt And Saudi Arabia's Economic Woes?
A new bridge connecting Egypt and Saudi Arabia could add a much-needed boost to the countries' ailing economies.By Melissa Prax | April 9, 2016
Saudi Arabia and Egypt are building a bridge over the Red Sea — a move that might be partly motivated by Egypt's dwindling economy.
Detailed plans for the bridge have yet to be released, but the countries' likely plan is to connect the southern Sinai Peninsula to Saudi Arabia.
The actual cost of the bridge wasn't announced, but local media report the countries signed several deals totaling more than $20 billion to boost economic development in Egypt.