Progress on the New Waterway Discussed
- Business & Finance
Egypt’s President Abdel Fattah al-Sisi met yesterday, May 17th 2015, with the Chairman of the Suez Canal Authority Mohab Mamish to discuss the progress being made on the New Suez Canal project.
During the meeting, President Sisi emphasized that the project must be completed on time and in accordance with the latest international standards.
According to spokesman Alaa Youssef, the President ordered Mamish to follow up preparations for inaugurating the new project in August and coordinate with all bodies concerned with the project.
The multi-billion New Suez Canal project was launched on 5 August 2014. The scheme is part of the Suez Canal Development project, which includes development of several seaports in the three governorates bordering the canal, Suez, Ismailia and Port Said, in addition to a seaport in the South Sinai city of Nuweiba and the development of Sharm Al-Sheikh airport.