Arab Today, arab today saudi construction begins on 61bn interoceanic canal project
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

Saudi construction begins on $61bn interoceanic canal project

Arab Today, arab today

Arab Today, arab today Saudi construction begins on $61bn interoceanic canal project

The construction of an interoceanic canal
Managua - SPA

Nicaragua President Daniel Ortega and Chinese businessman Wang Jing have inaugurated construction works for a canal aimed at connecting the Atlantic and Pacific oceans, dpa reported.
Slated to take five years to build at a cost of 50 billion euros (61.23 billion dollars), the canal will cross the southern part of Nicaragua to provide a competing shipping route to the Panama Canal.
Nicaraguan officials said they aim to move 5 per cent of the world's commerce through the canal.

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