$5 Billion Red Sea Secret: Saudi Arabia’s Bold Move in Eritrea’s Port of Assab

Описание: Eritrea’s port of Assab is on the brink of a $5 billion transformation, drawing growing attention from Saudi Arabia and regional powers.

Located near the strategic Bab el-Mandeb Strait, Assab sits at one of the world’s most important maritime chokepoints — a gateway for global trade between Asia, Africa, and Europe.

In this Horn Lens investigation, we examine Saudi Arabia’s strategic interest in Assab, recent high-level diplomatic engagements, and how potential investments could reshape the economic and geopolitical landscape of the Horn of Africa.

We also explore how this development connects to Saudi Vision 2030, regional port competition, the UAE’s Red Sea presence, and Ethiopia’s long-standing maritime ambitions.

⚓ Could Assab emerge as a major Red Sea logistics hub — or remain an underutilized port?

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