G-15 News

Saudi-Egypt Red Sea Bridge

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King Salman of Saudi Arabia has said that an agreement has been reached with Egypt to build a bridge over the Red Sea connecting the two countries.<br />
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The monarch made the announcement in televised comments on Friday - the second day of his visit to Cairo - after meeting Egyptian President Abdel Fattah el-Sisi, and before representatives of the two countries began signing investment deals.<br />
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"I agreed with my brother, his Excellency President Abdel Fattah el-Sisi, to build a bridge connecting the two countries," Salman said.<br />
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"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."<br />
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It was not mentioned where the bridge would be built, but at the closest point - Nabq, just north of Sharm el-Sheikh, in Egypt, and Ras Alsheikh Hamid, in Saudi Arabia - the two countries are 16km apart. (<b><a href="http://www.aljazeera.com/news/2016/04/saudi-arabia-egypt-announce-bridge-red-sea-160409032158790.html">source</a></b>)</div>

Saudi-Egypt Red Sea Bridge

King Salman of Saudi Arabia has said that an agreement has been reached with Egypt to build a bridge over the Red Sea connecting the two ...

Dubai's DP World Reveals Ambitious Plans for Senegal and Mali

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Port developer and operator DP World has announced that construction work on its Port de Futur will begin in Senegal by the end of 2018. The project is intended to provide the country with a state-of-the-art integrated port, logistics hub and special economic zone.<br />
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It has also announced plans to develop the economy of Mali, the desert state to the east of Senegal. The decisions were taken following meeting between Ahmed Bin Sulayem, the chairman of the Dubai-based company, and President Macky Sall of Senegal and President Ibrahim Boubacar Keïta of Mali.<br />
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DP World took over Dakar Port, with Senegal’s only deepwater harbour and container terminal, in 2007. However, Dakar Port is located on the end of a peninsula, and so has nowhere to grow.<br />
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DP World’s intends to build a terminal with an annual capacity of 1 million teu at Bargny, on the south-eastern outskirts of Dakar, as well as a 6.5 square kilometre, $800m logistics hub and freetrade zone. The zone will also be close to Blaise Diagne airport, which is still under construction, and connected to Dakar by a new rail link.<br />
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Altogether, the port schemes will have a capital cost of around $1.3bn.<br />
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Port de Futur is competing with a number of other west African port projects for access to a hinterland of around 200 million people in 16 countries.<br />
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Bin Sulayem told the press that Port de Futur and its associated developments would be “one of the most advanced and well-organised free zones in Africa and globally, using the latest state-of-the-art equipment and technology”.<br />
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He added: “The size of the region and its population reinforces the need for multi-modal transport, logistics and customs capabilities across borders, and as our business moves the world across 40 countries we have the know-how to help in that mission.”<br />
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DP World is presently negotiating land allocations for the free-trade zone, and has promised to reveal its masterplan for the redevelopment of the existing port in the coming months.<br />
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The chairman also visited Mali in his tour of west and north Africa. His company is hoping to put in place a programme of works to enable Mali to make use of Port de Futur. The plan includes a transportation and logistics strategy with the same electronic customs processes DP World developed for the port of Jebel Ali in Dubai.<br />
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He said: “Mali has a long history of trade in gold and agricultural products and though landlocked, has the opportunity to maximise use of its 1,800km of inland waterways such as the Niger River to connect local farmers and businesses to international markets.<br />
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“Our flagship Jebel Ali model in Dubai, connecting port, free-trade zone, customs processes and logistics supported by advanced digital systems and technologies, is a shining example that countries in Africa such as Mali can benefit from. President Keïta welcomed our proposals and we look forward to building on our relationship further.” (<b><a href="http://www.globalconstructionreview.com/news/dp-world-reveals-ambitious-plans-senegal-and-mali/">source</a></b>)</div>