Saudi Arabia and Egypt are going ahead with the proposed $ 3 billion causeway project that will boost economic and social relations between the two countries.

The 32-km causeway will start from Ras Nassrani in the Egyptian resort of Sharm El-Sheikh and pass by Tiran Strait before reaching Ras Hamid near Tabuk in northern Saudi Arabia.

Egyptian President Muhammed Mursi, who is keen to implement this vital project, visited Saudi Arabia twice after taking oath as president on June 30.

Mursi pledged he would remove all obstacles facing Saudi investors in his country and offered reassurance to Saudi nationals that their investments of $ 27 billion in Egypt would be protected.

The Saudi-Egyptian Business Council will meet this month to discuss joint investment schemes including the $ 350 million Gardaga tourism project.
Source: albawaba