Step 1: Understanding the Concept:
The question asks to identify the river on which the famous Aswan Dam is located.
Step 2: Detailed Explanation:
\[\begin{array}{rl} \bullet & \text{The Aswan Dam, specifically the Aswan High Dam, is a major embankment dam situated across the Nile River in Aswan, Egypt.} \\ \bullet & \text{Construction of the High Dam began in 1960 and was completed in 1970.} \\ \bullet & \text{The dam is crucial for Egypt as it controls the annual flooding of the Nile, provides water for irrigation, and generates a significant amount of hydroelectricity.} \\ \end{array}\]
Step 3: Final Answer:
The Aswan Dam is built on the Nile River.