Daily News Egypt

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

Advertising Area

Advertising Area

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

New Suez Canal project on track for opening next August, statement says

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.

Advertising Area

Breaking News

No current breaking news