18 April 2013 – Agreements for the establishment of a direct electricity transmission connection between Egypt and Saudi Arabia are expected to be signed during the second quarter of 2013. This was after the Saudi cabinet agreed in April that completing the project would be important for both countries.

The project will provide for the exchange of 3,000 MW between the two countries’ networks, with the Egyptian and Saudi electricity networks constituting 85% of the Arab world’s electricity capabilities.

The estimated cost of the project is US$3 billion, and each country will cover the costs of implementing the transmission project on its own territory.