New Suez Canal on Right Track

President Abdel Fatah al-Sisi hailed the Egyptians’ unprecedented turnout for buying investment certificates needed for funding the New Suez Canal, Presidential spokesman Ehab Badawi said.

He said the president made his comments during his meeting with the head of the Suez Canal Authority Mohab Mamesh. Badawi quoted Sisi as asserting the project should be implemented on time as scheduled.

Egypt has raised more than the EGP 60 billion in just eight days to fund the project.

The New Suez Canal project will boost Egypt’s economy and help speed up the movement of vessels through the 193 km long canal, which connects the Red Sea to the Mediterranean Sea.

Press Release, September 19, 2014

Share this article

Follow Dredging Today

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

2nd East Africa Port Expansion Conference

This event will gather senior port representatives, key stakeholders, expert consultants and contractors, technology providers as well…

read more >

Connecticut Living Shorelines: Projects into Practice Workshop

Sea-level rise and storms are increasing erosion and inundation of coastal wetlands across New England and threaten property…

read more >

Island Development MENA Conference

Would you like to be a part of developments like Marsa Al Arab, Hail & Ghasha, Dream and Yas islands in the UAE or Red Sea project in Saudi Arabia?

read more >

Congress “Hydraulic Engineering Structures of Water Transport”

This event will take place in early February, before the opening of the 2018 season when dredging and hydraulic engineering works start…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you’ll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply