For decades, the Chinese investment in Israel has risen sharply: In 1992, China established only about US $ 50 million in investment in Israel when it established diplomatic relations with the country. By 2016, this figure has risen to US$ 16.5 billion. As part of the corridor between China and Israel, China and Israel are currently discussing the potential of the Red Sea - Mediterranean High Speed Railway project. If the project is to be realized, it will be easier for China to transport the goods to Piraeus Port and then to the EU, bypassing the Suez Canal.