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Al-Sisi warns of ‘demoralising’ criticism during Suez Canal project anniversary celebrations - Daily News Egypt

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Al-Sisi warns of ‘demoralising’ criticism during Suez Canal project anniversary celebrations

Every project completed by the army or state has been met with criticism for its monetary worth and effectiveness for the country’s economy

On the first anniversary of the Suez Canal extension, President Abdel Fattah Al-Sisi attended the celebrations in Ismailia at the new Suez Canal on Saturday to inaugurate new industrial projects that serve the infrastructure of the new canal.

In his speech, Al-Sisi warned Egyptians of attempts to discredit the value of national projects and demoralise the population.

The celebration witnessed a similar pattern by which the president toured the locations’ concrete factories and tunnels, which are to improve and develop areas on the shore of the canal, stopped to talk to young people, and listened to engineers from the Armed Forces Engineering Authority.

Al-Sisi emphasised that there are attempts “to change hope into despair”. He mentioned examples of critical reactions, such as the hike in electricity bills, lack of economical and logistical plans in the 1.5m-acre reclamation project and ashwa’yat (informal housing) development initiatives. The president called for “more communication between state institutions and the people”.

After his speech, Al-Sisi commemorated the death of late Egyptian scientist Ahmed Zewail, announcing that the Tahya Masr fund will create a special fund for building the Zewail City of Science and Technology with an intended budget of EGP 4bn. He instructed the army to handle the building of the educational organisation.

Al-Sisi also honoured relatives of former presidents Gamal Abdel Nasser and Anwar Sadat, as Saturday also commemorated 60 years since the nationalisation of the Suez Canal in 1956.

Afterwards, Al-Sisi toured residential areas in the new Ismailia city accompanied by Minister of Defence and Military Production Sedky Sobhi, Prime Minister Sherif Ismail, as well as members of the Armed Forces Engineering Authority.

Head of the Suez Canal Authority admiral Mohab Mamish said that the project has achieved profits of $3.018bn. Mamish also exhibited the security measures at the canal, such as apache helicopters and naval military ships.

The project, as well as other national projects, are engineered and financed by the Egyptian army with the assistance of other private companies.

Since the start of Al-Sisi’s rule in 2014, national projects have been presented as the gateway to providing Egyptians with job opportunities and reviving the economy, especially during the time of political unrest and the lack of security between the 25 January Revolution and June 2013.

These projects include the New Suez Canal Project, the new Road Network Project of 4,400 km, 1m acres from the Land Reclamation Project, and the development of the northwest coast, whose budget relied also on preliminary capital from the Taya Masr fund.

The Tahya Masr fund was formed in June following Al-Sisi’s inauguration in efforts to collect donations to stimulate the struggling economy. Al-Sisi issued a decree to establish the fund, granting it legal status, where, in accordance with Article 2 of the decree law, the fund is held under the auspices of the president.

The main purpose of the fund is to assist in the establishment of service and development projects, including: the financing of microenterprises; infrastructure projects; small projects for young people; the development of ashwa’yat, reducing the number of homeless and street children; and other projects that contribute to supporting the economic and social situation of the country.


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13 responses to “Al-Sisi warns of ‘demoralising’ criticism during Suez Canal project anniversary celebrations

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      1. All Real female Masri are illegal relations with Arab Males, If you are Rascal with a 5-Year Brain, stop all female Masi from travelling arab countries alone

  3. Engineering success, economic incompetence …

    Al-Sisi warned Egyptians of attempts to discredit the value of national projects and demoralise the population. Who is the genius who conducted the feasibility and economic study for this waster $7 billion?

    1. Your aperture of focus on impact is too narrow. Long term returns and short term stimulus of distributing currency through workers makes these public works projects an obvious winner. Food production and labor intensive energy projects should be next. You have examples of stored energy called pyramids. Solar energy production needs gravity storage plants. Those are major job creators that have long term energy production benefits. People always need to eat. Farmers always have a product to sell, people to hire, products to buy.

      1. Where you categorize the $20b wasted on useless military gear such as aircraft carriers, submarines, and fighter jets? Where you categorize the $45 billion planned for the egotistical new capital (thank God we don’t have the fund for it). It’s not just the canal; it’s ALL the so called ‘Mega-illusions’ that create no jobs, no food, no education, and no healthcare! be objective!!

        1. Try being objective yourself. No expenditure is without auxiliary spending and distributive economic benefit. Your lack of economic knowledge is evident. Have you any constructive ideas or are you just venting about your uselessness?

          1. Any one who pretends to be an expert and insults others for their views is no more than a government tool. Enjoy, because their days are numbered. Is the Economist also ‘venting’ and ‘useless’ in their latest “state of Denial’ report? or they’re just ‘evil forces’ and ‘Zionists’ trying to destroy the already bankrupt Egypt?

  4. Time to pack Sisi

    2 years of disastrous performance and the only thing to show for is the Canal widening project? anyone told the incompetent government that trade, oil prices, and the horrible Egyptian service are not worth the expansion?

  5. Does this guy even know the difference between skeptics, critisism and serious consern? I doubt it… Everyone of these groups will be jailed

  6. The only valid criticism is that which provides a path forward. You cannot change the past, only the future. Until Egyptians stop looking in the rearview mirror and start focusing on a road ahead, critics of today have no tomorrow. Al Sisi brought stability and security. His job has been completed. Which public figure will now look past Al Sisi and propose the future? You cannot do it criticizing the past that no one can change. Who will thank Al Sisi and move Egypt forward? A woman perhaps? A Copt?

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