Egypt: President Urges Suez Canal Project Implementation

President Urges Suez Canal Project Implementation

President Mohamed Morsi has called for expediting the implementation steps for the Suez Canal Corridor project in view of its positive effect in supporting the Egyptian economy, luring Arab and world investments, providing thousands of job opportunities for the Egyptians in general and Sinai citizens and the Canal region in particular.

This came during the meeting held by the President with Minister of Housing and Urban Communities Tareq Wafiq at the Presidential Palace in Heliopolis in presence of some members of the President’s advisory team.

Meantime, the Ministry of Transport will offer five mega projects in Eastern Port Said Region with total investments worth LE18 billion.

Minister of Transport Hatem Abdellatif will announce the details of these projects before the first conference on the Suez Canal Corridor Development Project, which will be held at Cairo International Conference Center.

Press Release, May 13, 2013