Report: "Neum" project will link Riyadh and Tel Aviv by a land bridge and railways
08:43 - 29/10/2017
Information / Baghdad ..
An Arab newspaper reported that the project "New" announced by Saudi Arabia within the framework of the economic vision of the Kingdom 2030 was approved by the Saudi entity, noting that the project will link Riyadh to Tel Aviv by land bridge and railways.
"The project is a real window for the completion of economic and geographical normalization with the Zionist entity, especially after the Minister of Communications, Israel Katz, a serious intention of Tel Aviv to link the Israeli railway network to the Jordanian network," the newspaper "Al-Sharq" said in an expanded report. Including Saudi Arabia and the Gulf states. "
"The project will be built on vast land within the Egyptian and Jordanian borders, covering an area of 26,500 square kilometers. It will include industrial zones specializing in water, energy, technology, food and entertainment. And will be the first private zone extending between three countries, and will include a view on the Red Sea coast, which is the main economic artery, which passes through about 10% of the global trade movement, "according to the site" i24 "Israeli."
Israeli Prime Minister Benjamin Netanyahu has repeatedly stated that Israel's relations with the moderate Sunni Arab countries have become much better than in the past, although the talk of most aspects of cooperation is not possible, given the absence of formal ties between Israel and Israel, but he hopes that this The project is the beginning of formal relations between Israel and these countries.
The project is an Israeli proposal, presented by the special envoy of US President Jason Greenblatt, who was visiting Jerusalem. Israeli Minister of Communications and Intelligence Yisrael Katz also said that the plan would give Saudi Arabia and the Gulf states access to the Mediterranean.
The plan is based on the expansion of the existing railway infrastructure in the Hameiq region and the existing train projects planned for Jordan and Saudi Arabia. It also envisages expansion of the existing railway infrastructure in the Heimek region and existing train projects planned for Jordan and Saudi Arabia.
It connects the Heemik train from the Beit Shean area at the Sheikh Hussein crossing on the Jordan River, and from there there is a connecting scheme inside Jordan. While the Saudi railway network links the Gulf States to Jordan and from there to the Israeli entity and the port of Haifa and other sea ports.
Saudi Arabia now has a financial crisis. Analysts have been skeptical that Saudi Arabia will not be able to implement the project because of a budget deficit of 20%. There is also a deficit in the trade balance and an alarming rise in debt of only $ 11 billion in 2014, About $ 114 billion.
The official figures issued by the Central Bank of Saudi Arabia show that the Kingdom's cash reserves were halved in just 32 months. These indicators show that the financial situation is not good. The Kingdom has had to sell 10 billion dollars in local bonds and 13 billion in the market. Global. Ending / 25
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