Al-Sisi expresses ‘satisfaction’ with Suez Canal work progress

Daily News Egypt
1 Min Read
President Abdel Fattah Al-Sisi attended Tuesday celebrations of the Police Day, which took place in the Police Academy in New Cairo. (Photo Screen Shot from Youtube)

Egypt’s President AbdelFattah Al-Sisi inspected “by air” the new Suez Canal project after visiting a number of military units on Wednesday, and “expressed satisfaction with the progress of the work on the project, a presidential statement said.


Last September, Al-Sisi approved the Suez Canal investment certificate law, with the National Bank of Egypt, Banque Misr, Banque du Caire, and the Suez Canal Bank providing investment certificates.


By mid-September, the certificates’ sales registered EGP 49bn. According to a poll by the Egyptian Centre for Public Opinion Research (Baseera), around 42% of the citizens that purchased Suez Canal investment certificates relied on money they saved in their homes or shops.


The New Suez Canal project is due to open next August.

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