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KSA, UAE to finance Salwa Marine Canal

KSA, UAE to finance Salwa Marine Canal
The Salwa Marine Canal project will be fully financed by Saudi and Emirati private sector investments

Riyadh – Mubasher: The Saudi part of Salwa border crossing with Qatar has been evacuated from the passports and customs offices in preparation for turning it into a military base and a nuclear waste burial site, Saudi sources familiar with the matter said.

The Salwa Marine Canal project will be fully financed by Saudi and Emirati private sector investments, and the area will be under the full sovereign of Saudi Arabia, sources told Al Riyadh newspaper.

Major Egyptian firms in the drilling field will manage the drilling of the canal, sources remarked, noting that the investment consortium would like to benefit from the Egyptian expertise in constructing Suez Canal.

They indicated that the Saudi military base will be established in the part separating the Qatari borders from the Salwa Marine Canal, while the remaining part will be turned into a nuclear waste burial site for the Saudi nuclear reactor.

The oil-rich kingdom has been planning to set up the reactor in accordance with the global high environmental standards which will be located at the remote emirate borders near Qatar.

It is worth noting that the project will be implemented within 12 months at an estimated preliminary cost of nearly SAR 2.8 billion.