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UPDATE: Prime Minister Inspects New Suez Canal (Egypt)

Prime Minister Ibrahim Mahlab made an inspection visit to the digging site of the new Suez Canal Development Project on Tuesday.

The PM was accompanied by Chairman of the Suez Canal Authority Mohab Mamish.

As for funding the digging works of the new Suez Canal, Mahlab said it will be made through public subscription, government financing, national investors and national banks.

This development 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, August 21, 2014

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