Saudi, Bahraini Transport Ministers Discuss King Hamad Causeway Study

King Fahd Causeway, Asharq Al-Awsat
King Fahd Causeway, Asharq Al-Awsat
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Saudi, Bahraini Transport Ministers Discuss King Hamad Causeway Study

King Fahd Causeway, Asharq Al-Awsat
King Fahd Causeway, Asharq Al-Awsat

Saudi Arabia's Transport Minister Dr. Nabil Al-Amoudi met on Wednesday with Bahraini Transport Minister Kamal Al-Amoudi in Riyadh. The two discussed a report issued by the assigned consulting company for the King Hamad Causeway project.

After exchanging opinions and listening to third party observations, the attendees recommended studying other aspects related to the project and then presenting them to the team for further review and opinion.

The Bahraini Minister of Transport revealed in previous statements that the preliminary feasibility study of the railway project and King Hamad Causeway between the two countries estimated their budget at four billion dollars, and that the project contains two tracks for railway, transport of goods and passengers, Saudi Arabia with his country, with the establishment of 4 tracks for cars on the new bridge.

King Hamad Causeway aims to connect Saudi Arabia and Bahrain, running parallel to the existing King Fahd Causeway. The causeway is expected to be about 25 kilometers and allow passenger trains, freight trains and vehicles so as to reduce the traffic on the King Fahd Causeway.



Tesla Shares Fall as Musk's 'America Party' Riles Investors

3D printed miniatures of US President Donald Trump and Elon Musk, and Tesla logo are seen in this illustration taken July 1, 2025. REUTERS/Dado Ruvic/Illustration
3D printed miniatures of US President Donald Trump and Elon Musk, and Tesla logo are seen in this illustration taken July 1, 2025. REUTERS/Dado Ruvic/Illustration
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Tesla Shares Fall as Musk's 'America Party' Riles Investors

3D printed miniatures of US President Donald Trump and Elon Musk, and Tesla logo are seen in this illustration taken July 1, 2025. REUTERS/Dado Ruvic/Illustration
3D printed miniatures of US President Donald Trump and Elon Musk, and Tesla logo are seen in this illustration taken July 1, 2025. REUTERS/Dado Ruvic/Illustration

Tesla shares fell over 3% on Monday, under pressure from investor concerns about the focus of boss Elon Musk after he announced he would form a new US political party, marking a new escalation in his feud with President Donald Trump.

Tesla stock fell over 3% in Frankfurt, pointing to another decline once premarket trading gets underway following the three-day weekend for Independence Day, Reuters said.

Veteran tech analyst Dan Ives of Wedbush said Musk was Tesla's "biggest asset" and his decision to dive deeper into politics would likely put the company's shares under pressure.

"Tesla needs Musk as CEO and its biggest asset and not heading down the political route yet again...while at the same time getting on Trump's bad side," Ives said in a note on Sunday.

"It would also not shock us if the Tesla board gets involved at some point given the political nature of this endeavor depending on how far Musk takes it."

Trump on Sunday called Musk's plans to form the "America Partyridiculous," launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk's business interests in space.