Aspen
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China is by far Ethiopia's largest investor accounting for over 60% of the country's FDI and they are also by far their largest contractor. So this Dam will also be built with their help. China has very strong ties with Ethiopia. Will be interesting to see where they stand if Egypt and Ethiopia get into conflict. Ethiopia seems to have many powerful foreign backers and even locals one. Virtually all Ethiopia's neighbours are friendly to them(or at least not an enemy) except Eritrea. However, Eritrea and Ethiopia now have neutral relations since they signed a peace treaty after the new Ethiopian President took power(he's very diplomatic and has a very bold vision and ambitions for his country). So both sides will not do anything to harm the other at this point since this peace treaty was agreed after very long negotiations and compromises and both sides are wary and tired of fighting long endless war. So Egypt's options are very limited to be honest.
NB: Ethiopia is also holds the headquarters of the African union and holds alot of sway over the African Union. So go figure.
Egypt can neutralize Ethiopia and all of Ethiopia's neighbors without even dispatching a quarter of their military.
So Egypt’s options are not limited in any sense.