And who will this multi-billion project benefit the most?
![This picture taken on March 13, 2020 shows an aerial view of ongoing construction development at Egypt's "New Administrative Capital" megaproject, some 45 kilometres east of Cairo. [Khaled Desouki/AFP]](/wp-content/uploads/2021/03/000_1PW4OL.jpg?resize=270%2C180&quality=80)
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The Saudi-Iranian competition for regional hegemony has been wrongly interpreted as a Sunni-Shia rivalry.
![Saudi Arabia Crown Prince Abdullah Bin Abdul Aziz Al-Saud is greeted at Mehrabad Airport in Tehran by Iranian President Mohammad Khatami on December 8, 1997 [AP/Enric Marti]](/wp-content/uploads/2021/03/AP_97120801911.jpg?resize=270%2C180&quality=80)
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And who will this multi-billion project benefit the most?
The Saudi-Iranian competition for regional hegemony has been wrongly interpreted as a Sunni-Shia rivalry.