Unrest tempers Egypt’s Suez dreams
Ongoing militancy in Sinai and terror threats against canal.
Egypt’s Suez Canal Dreams Tempered by Continued Unrest
Seen as a potential driver of economic recovery, Egypt’s plan to expand the Suez Canal has raised hopes the end of the country’s economic crisis may be in sight. But some analysts say as unrest continues, they expect the project may cost too much and take too long to make life better in the most Arab world’s most populous country.
Since the days of the Pharaohs, Egyptians have been building canals.
The Suez Canal, stretching 163 kilometers between the Red Sea and the Mediterranean, opened in 1869, boosting trade between Europe and Asia. The canal now brings in revenue of roughly $5 billion a year.
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