IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL5.08▼ 0.07% USD/MXN17.41▲ 0.12% USD/CLP925.20▼ 0.09% USD/COP3,218▼ 1.28% USD/PEN3.39▲ 0.12% USD/ARS1,475▲ 0.32% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.36▲ 0.10% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.34% USD/VES725.63▲ 0.11% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.48▼ 0.01% USD/TTD6.76▲ 1.32% EUR/BRL5.82▲ 0.14% BRENT 84.47 ▼ 0.57% WTI 79.40 ▼ 0.25% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.53% GOLD 4,040 ▼ 0.11% SILVER 57.32 ▲ 0.37% SOY 1,206 ▲ 0.33% CORN 471.75 ▲ 5.42% WHEAT 686.00 ▲ 1.25% COFFEE 302.75 ▼ 9.48% SUGAR 14.67 ▼ 1.21% ORANGE JUICE 140.45 ▲ 0.14% COTTON 80.74 ▲ 0.22% COCOA 6,061 ▲ 7.08% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,068 ▼ 1.00% ETH 1,885 ▼ 1.67% SOL 76.08 ▼ 1.53% XRP 1.11 ▼ 0.61% BNB 576.42 ▼ 0.64% ADA 0.16 ▼ 1.88% DOGE 0.07 ▼ 1.29% AVAX 6.58 ▼ 1.73% LINK 8.43 ▼ 1.18% DOT 0.83 ▼ 1.59% LTC 44.70 ▼ 0.94% BCH 223.95 ▲ 0.36% TRX 0.32 ▼ 0.32% XLM 0.19 ▲ 0.03% HBAR 0.07 ▼ 1.25% NEAR 2.03 ▼ 1.84% ATOM 1.53 ▼ 1.32% AAVE 94.24 ▼ 1.66% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% EGX 52,871 ▲ 0.60% USD/ZAR16.34▲ 0.04% USD/NGN 1,379 — 0.00% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,089 ▲ 0.04% KOSPI 6,821 ▼ 6.37% JCI 6,097 ▲ 0.91% USD/JPY 162.14 — 0.00% USD/CNY6.77▼ 0.02% DAX 24,903 ▼ 0.39% CAC 8,345 ▼ 0.45% FTSE 10,475 ▼ 0.38% MIB 52,251 ▼ 0.31% IBEX 19,230 ▼ 0.24% STOXX 640.02 ▼ 0.42% EUR/USD1.15▲ 0.04% GBP/USD1.35▲ 0.93% SPX 7,572 ▲ 0.38% DJI 52,659 ▲ 0.29% NDX 29,503 ▼ 0.28% RUT 2,976 ▲ 0.39% TSX 35,416 ▲ 0.27% VIX 15.93 ▲ 1.66% USD/CAD1.40▼ 0.01% US10Y 4.5450 ▼ 0.87% IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 ▲ 1.92% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▼ 0.07% USD/MXN 17.41 ▲ 0.12% USD/CLP 925.20 ▼ 0.09% USD/COP 3,218 ▼ 1.28% USD/PEN 3.39 ▲ 0.12% USD/ARS 1,475 ▲ 0.32% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.36 ▲ 0.10% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▲ 0.11% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.48 ▲ 0.31% USD/TTD 6.76 ▲ 1.56% EUR/BRL 5.82 ▲ 0.14% BRENT 84.47 ▼ 0.57% WTI 79.40 ▼ 0.25% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.53% GOLD 4,040 ▼ 0.11% SILVER 57.32 ▲ 0.37% SOY 1,206 ▲ 0.33% CORN 471.75 ▲ 5.42% WHEAT 686.00 ▲ 1.25% COFFEE 302.75 ▼ 9.48% SUGAR 14.67 ▼ 1.21% ORANGE JUICE 140.45 ▲ 0.14% COTTON 80.74 ▲ 0.22% COCOA 6,061 ▲ 7.08% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 64,068 ▼ 1.00% ETH 1,885 ▼ 1.67% SOL 76.08 ▼ 1.53% XRP 1.11 ▼ 0.61% BNB 576.42 ▼ 0.64% ADA 0.16 ▼ 1.88% DOGE 0.07 ▼ 1.29% AVAX 6.58 ▼ 1.73% LINK 8.43 ▼ 1.18% DOT 0.83 ▼ 1.59% LTC 44.70 ▼ 0.94% BCH 223.95 ▲ 0.36% TRX 0.32 ▼ 0.32% XLM 0.19 ▲ 0.03% HBAR 0.07 ▼ 1.25% NEAR 2.03 ▼ 1.84% ATOM 1.53 ▼ 1.32% AAVE 94.24 ▼ 1.66% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% EGX 52,871 ▲ 0.60% USD/ZAR 16.34 ▲ 0.30% USD/NGN 1,379 — 0.00% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,089 ▲ 0.04% KOSPI 6,821 ▼ 6.37% JCI 6,097 ▲ 0.91% USD/JPY 162.14 — 0.00% USD/CNY 6.7673 ▲ 0.14% DAX 24,903 ▼ 0.39% CAC 8,345 ▼ 0.45% FTSE 10,475 ▼ 0.38% MIB 52,251 ▼ 0.31% IBEX 19,230 ▼ 0.24% STOXX 640.02 ▼ 0.42% EUR/USD 1.1469 ▲ 0.01% GBP/USD 1.3522 ▼ 0.11% SPX 7,572 ▲ 0.38% DJI 52,659 ▲ 0.29% NDX 29,503 ▼ 0.28% RUT 2,976 ▲ 0.39% TSX 35,416 ▲ 0.27% VIX 15.93 ▲ 1.66% USD/CAD 1.4041 ▲ 0.03% US10Y 4.5450 ▼ 0.87%
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World-News Africa

Saudi Arabia and Egypt Break Ground on $4B Red Sea Bridge to Unlock Trade and Pilgrimage Corridors

By · June 2, 2025 · 2 min read

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Egypt and Saudi Arabia have finalized plans for a $4 billion infrastructure project to bridge the Red Sea’s Strait of Tiran, marking a pivotal step in connecting Africa and Asia.

Announced in 2016 by Saudi King Salman and Egyptian President Abdel Fattah el-Sisi, the 32-kilometer structure—planned as a bridge or tunnel—will link Ras Hamid in northwestern Saudi Arabia to Egypt’s Sharm El-Sheikh, a tourism hub in the Sinai Peninsula.

Saudi Arabia is fully financing the project, which aims to streamline trade, pilgrimage routes, and regional integration. The crossing promises to transform logistics between the two nations, offering an alternative to maritime routes operated by the Arab Bridge Maritime Company’s 13 vessels.

Officials estimate it could serve over one million travelers annually, including Muslim pilgrims heading to Mecca. Egypt’s Transport Minister Kamel al-Wazir confirmed planning is complete, with construction pending final approval.

The project aligns with Saudi Arabia’s $500 billion NEOM initiative, a futuristic city near the Red Sea, and supports Egypt’s efforts to develop the Sinai region.

Saudi Arabia and Egypt Break Ground on $4B Red Sea Bridge to Unlock Trade and Pilgrimage Corridors
Saudi Arabia and Egypt Break Ground on $4B Red Sea Bridge to Unlock Trade and Pilgrimage Corridors. (Photo Internet reproduction)
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Initial proposals for a Red Sea crossing date to 1988, but geopolitical tensions delayed progress. Israel historically raised security concerns over the Strait of Tiran, a vital shipping lane protected under the 1978 Camp David Accords.

“Moses Bridge” Project Embodies Regional Ambitions

Recent agreements, including the transfer of Tiran and Sanafir islands to Saudi Arabia, eased diplomatic hurdles. While the Egyptian government proposed naming the structure after King Salman, public discourse favors the symbolic “Moses Bridge,” evoking the biblical Red Sea narrative.

Environmental groups urge caution, citing risks to coral reefs and endangered species like dugongs. The Hurghada Environmental Protection and Conservation Association insists construction must avoid ecological damage.

Meanwhile, NEOM faces criticism for displacing local communities, including the Howeitat tribe, amid broader human rights concerns. Economically, the project strengthens Saudi-Egyptian ties and underscores Riyadh’s push to diversify beyond oil.

It positions Egypt as a logistics hub, with parallel investments in high-speed rail networks connecting Mediterranean and Red Sea ports. Toll revenue from pilgrims and freight could offset costs within a decade, according to early estimates.

For businesses, the crossing offers faster access to emerging markets in Africa and the Gulf. It reduces reliance on the Suez Canal for regional trade and bolsters Saudi Arabia’s vision as a global investment destination.

Challenges remain—balancing ambition with environmental stewardship, ensuring fair compensation for displaced communities, and maintaining regional stability. Yet the Moses Bridge symbolizes a tangible shift: infrastructure as a tool for geopolitical influence, economic growth, and cross-continental unity.

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