Time for a New Suez Canal

Plans for major new expansion of shipping route.

Time for a New Suez Canal, Egypt Says

CAIRO (Reuters) – Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project to expand trade along the fastest shipping route between Europe and Asia.

The project, to be run by the army, is a major step by new President Abdel Fattah al-Sisi to stimulate Egypt’s struggling economy and recalled some of the grand national programmes of one of Sisi’s predecessors, army strongman Gamal Abdel Nasser.

To continue reading, please click here.

Source: newsweek.com

Previous Article
Next Article

Leave a Reply

Your email address will not be published. Required fields are marked *

Events Calendar


« April 2021 »
Mo Tu We Th Fr Sa Su
      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