Saudi Arabia is gearing up to commence construction on the ambitious Saudi Land Bridge Project, valued at $7 billion, early next year.
Final negotiations regarding the project’s cost and financing are reaching their conclusive stages.
According to the MED website, citing an informed source, “The final arrangements are being sorted out, and the project is expected to start early next year,” as reported by Al Arabiya Business.
The Saudi Land Bridge Project is part of the Kingdom’s broader efforts to enhance its infrastructure and connectivity.
This strategic initiative aims to bolster the country’s position as a logistical hub, linking the Red Sea with the Arabian Gulf.
This project is expected to play a pivotal role in boosting the economic landscape by facilitating trade routes and enhancing transportation efficiency across the region.
Saudi Arabia and Iraq recently signed a joint agreement to boost cooperation in environmental, water, and agricultural sectors, following the fifth session of the Saudi-Iraqi Agricultural Committee in Riyadh.
The agreement encompasses several key areas, including expanding efforts to combat desertification, enhance biodiversity, and protect forests, along with collaboration on sand and dust storms. Both sides also agreed to coordinate their environmental positions in international forums.
In the water sector, discussions focused on sustainable water management, water harvesting technologies, desalination, and treated water reuse. Plans are underway to finalise a Memorandum of Understanding to further cooperation in these areas.
On the agricultural front, the two countries agreed to resume live livestock exports from Iraq and improve plant and animal trade.
They also committed to sharing expertise on pest control, such as combating desert locusts and red palm weevils, and advancing genetic engineering research for crop development.
