Saudi Arabia expects to spend about $750 million to build a 37-mile-long canal cutting itself off geographically from its former ally Qatar.
The kingdom is accepting a bid for the project—which would transform its Gulf rival from a peninsula into an island—until June 25. Until now, five international companies have submitted bids for the project, which will create a canal about 656 feet wide and 50 to 65 feet deep, Gulf News reported.
Expected to be completed within one year, the waterway will allow ships up to 967 feet long and 108 feet wide to pass. Several seaside resorts are also planned along the canal. The winner of the bid to build the project should be announced within three months, and financing will come from Saudi Arabia’s private sector as well as that of close ally the United Arab Emirates, according to Arabian Business.