Previous Post
Egypt’s Aboveground Railway Fares to Increase After Ramadan
Next Post
Ministry of Religious Endowment Introduces Same Textbook for Both Muslim and Christian Students

This Egyptian-Kuwaiti Project Could Potentially Attract $4 Trillion in Investments to North Africa

The project could turn Egypt into 'the most important sea and land corridor in the world,' said Afro-Asian Council Vice President Essam Abu Al Hassan

As reported by The Maritime Executive on Sunday, Egypt and Kuwait are to launch a new massive project which will see the countries get connected via a network of land and maritime routes, under the umbrella of China's strategic One Belt One Road Initiative.

The head of the Afro-Asian Economic Council said last week that the project, which is to further connect Egypt with other North African countries, is expected to attract staggering investments - ranging from $2 trillion to $4 trillion - to the region of North Africa and exponentially increase shipping traffic through the Suez Canal. CairoScene was unable to verify the number through an independent source.

Similarly, The council's Vice President Essam Abu Al Hassan expressed his enthusiasm for the project, which he expects to turn Egypt into 'the most important sea and land corridor in the world,' according to The Maritime Executive.

One Belt One Road Initiative 

China's strategic One Belt One Road Initiative, which carries on the vision of the ancient trade route The Silk Road, is projected to connect China to the entirety of Asia and the eastern parts of Africa and Europe through six routes, with its total cost estimated to reach as high as $8 trillion. Along one of its routes, Kuwait is constructing Madinat Al Hareer (Silk City), which it has allocated $450 billion for in hopes to turn it into a significant commercial and trade center along the One Belt One Road route.

Main: Ethiopia and Sudan Highway/Source unknown


Todays Events
Mineral Kult & Shawerma @  Cairo Jazz Club
Clubs
Date: 8/21/2018
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club
Darts @  Underground Pub
Bars
Date: 8/21/2018
Time: 12:00pm - 10:00pm
Venue: UnderGround
Midweek Unique Ft. DJ Dina @    Underground
Bars
Date: 8/21/2018
Time: 10:00pm - 3:00am
Venue: UnderGround
Ladies Night ft. DJ Feedo @ Gŭ Bar
Bars
Date: 8/21/2018
Time: 10:00pm - 3:00am
Venue: Gŭ Bar
Masterpieces XVII @ Zamalek Art Gallery
Exhibitions
Date: 8/21/2018
Time: 11:30am - 9:00pm
Venue: Zamalek Art Gallery
Octagon @ Gallery Misr
Exhibitions
Date: 8/21/2018
Time: 11:00am - 8:00pm
Venue: Gallery Misr
Four for Five   @   Kamala
Dining
Date: 8/21/2018
Time: 12:00pm - 10:00pm
Venue: Kamala
Unlimited Sushi   @   Kamala
Dining
Date: 8/21/2018
Time: 6:00pm - 12:0am
Venue: Kamala