Saudi Arabia to set up military base on Salwa border

09/04/2018 Argaam

Saudi Arabia is planning to set up a military base to be excavated 1 kilometer inland between the Salwa Marine Canal Project and the Qatari borders, Alriyadh newspaper reported on Monday, citing unnamed sources close to the matter.

The remaining part will be converted into a nuclear waste burial site for the Saudi nuclear reactor, the construction of which is being planned by Saudi Arabia.

The marine canal project will be financed by a consortium of private investors from the Kingdom and the United Arab Emirates (UAE), with Riyadh having full control over the project.

Leading Egyptian firms will dig the canal, the sources said.

Directives were issued to remove the Passports and Customs offices from the Salwa border crossing with Qatar, as the Saudi Border Guards will control the area, they added.

Saudi Arabia was said to be studying integrated project for excavating a marine canal along the borders with Qatar, to be carried out with investments by a consortium of nine Saudi companies, Argaam reported.


News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts