New era of economic ties between Egypt and Saudi Arabia

A handout photo released by the Egyptian Presidency on March 4, 2018 shows Saudi Arabia's Crown Prince Mohammed bin Salman (C) shaking hands with Egyptian officials upon his arrival in Cairo. (AFP)
Updated 05 March 2018
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New era of economic ties between Egypt and Saudi Arabia

Recent investments and potential investments between Saudi Arabia and Egypt.

Oil
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla said Saudi Aramco agreed to supply Egyptian refineries with 500,000 barrels of crude oil per month for six months starting in January 2018.

Electricity
The electricity interconnection project between Egypt and Saudi Arabia aims to connect the power grids of the two countries to exchange a total capacity of 3,000 MW.
Egypt is contributing $600 million to the $1.6 million project, while other funders include the Kuwait Fund for Arab Economic Development, the Arab Fund for Economic and Social Development and the Islamic Development Bank.

Bridge between Egypt and Saudi
The Saudi-Egypt causeway or bridge will link the countries between Sinai and northern Saudi Arabia. The entire project is expected to cost about $3 billion and to pass through Tiran Island at the entrance of the Gulf of Aqaba.
The construction of the King Salman Bridge has been described as the largest project in the world by Egyptian Transport Minister Hashim Arafat.

Potential investments
The Egyptian-Saudi Investment Fund, with a capital of SR60 billion ($16 billion), aims to construct a power plant in Dairout worth $2.2 billion, a water treatment plant, residential projects in Sinai, 90 kilometers of development of coastal road, Taba’s tunnel project and a canal.


Spears of Victory 2026 military exercise begins at eastern province Air Warfare Center

Updated 21 January 2026
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Spears of Victory 2026 military exercise begins at eastern province Air Warfare Center

  • Spears of Victory 2026, one of the largest air exercises in the region, aims to enhance military partnerships
  • Exercise includes a series of advanced training activities, such as joint and combined tactical operations

RIYADH: Saudi Arabia’s Ministry of Defense announced the start of the “Spears of Victory 2026” military exercise at the Air Warfare Center in the Eastern Region, the Saudi Press Agency reported on Tuesday.

The exercise is being conducted with the participation of branches of the Saudi Armed Forces, including land, air, naval and air defense forces, in addition to the Ministry of the National Guard, the Presidency of State Security, the Unified Military Command of the Gulf Cooperation Council and military forces from 15 allied and partner countries.

Spears of Victory 2026, one of the largest air exercises in the region, aims to enhance military partnerships, strengthen the exchange of expertise in planning and execution, raise combat readiness and achieve advanced levels of operational coordination and integration among participating forces.

The exercise includes a series of advanced training activities, such as joint and combined tactical operations, specialized academic lectures and operational missions designed to improve the performance of aircrews, technical and support personnel.

It also evaluates modern military tactics, including electronic and cyber warfare, within a multidimensional operational environment that simulates real operational conditions.

Forces participating in the exercise include those from Bahrain, Bangladesh, France, Greece, Italy, Jordan, Malaysia, Morocco, Oman, Pakistan, Qatar, Turkiye, the UK and the US.

Spears of Victory 2026 is being conducted at the Air Warfare Center, one of the most advanced training facilities in the region, supporting the development of combat plans, the assessment of capabilities and the testing and evaluation of systems and weapons.