Saudia-Egypt thaw:  The impacts on Yemen war
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2016-04-11 08:33:56

Saudia-Egypt thaw:  The impacts on Yemen war

SE

 

Saudi Arabia’s king has announced that a bridge linking the country to Egypt will be built over the Red Sea. King Salman said in a statement that the bridge would boost commerce between the two allies. He made the announcement during the second day of his visit to the Egyptian capital, Cairo. Saudi Arabia and other Gulf countries have supported Egypt with billions of dollars since President Sisi took power in 2013 following mass street protests. Saudi Arabia regards Egypt as a crucial partner in efforts to build a bloc of friendly Sunni Muslim states as a bulwark against growing regional influence of Shia-led Iran. King Salman’s visit comes amid recent strains in the relationship, with President Sisi taking a less hardline stance against Syrian President Bashar al-Assad and Riyadh seeking more support from Cairo for its war against rebels in Yemen. It comes at a critical time for both countries. On the one hand, Egypt is facing difficult times economically as it battles domestic terrorism that has hurt its tourism industry, especially following the crash of a Russian airliner in Sharm Al Shaikh last year. Saudi Arabia’s promise of $21.5 billion (Dh78.96 billion) aid to Egypt, will help the country get back on its feet. Last December, the Saudi monarch directed an increase of his country’s investments in business-hungry Egypt to $8 billion. He also guaranteed that his nation would meet Egypt’s oil product requirements for five years. During King Salman’s Egypt visit, his first since he came to the throne in January 2015, Egyptian and Saudi officials are expected to sign a raft of economic cooperation agreements. They include a $1.5-billion Saudi programme to develop Egypt’s Sinai, a hotbed of insurgency in recent years. The financial boost will help Egypt, the Arab world’s most populous country, reclaim its regional stature. Riyadh also stands to benefit from a strong Egypt, sending a powerful message to Iran about Arab unity. Already, Egypt is participating in many Saudi-led initiatives in the region, including an Islamic alliance against terrorism, as well as participating in the Northern Thunder military exercises that took place in Saudi Arabia in February. Egypt also is part of a Saudi-led Arab coalition in Yemen, fighting Iran-backed Al Houthi militants. Their strong partnership’s already paying off, as warring parties in Yemen have agreed to come to the table to end the war there, after being significantly weakened by united Arab action. Iran is now seeing that its destabilising actions will have consequences.

pk.shafaqna.com

 

 

Categories:   World ، Middle East ،
Tags:   Saudia ، King Salman ، Egypt ، Cairo ،
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