Last Update 17:23
Saturday, 24 June 2017

New Suez Canal to bring fresh development projects to Egypt: El-Sisi

The inauguration of the new Suez Canal is scheduled for 6 August; president vows more national development projects to come

Ahram Online , Saturday 25 Jul 2015
-
President Abdel-Fattah El-Sisi during a meeting with French Defense Minister Jean-Yves Le Drian in Cairo, 25 July 2014 (Photo courtesy of Egypt's presidency)
Share/Bookmark
Views: 1555
Share/Bookmark
Views: 1555

Egypt will witness the establishment of several development projects following the inauguration of the new Suez Canal 6 August, according to a presidency statement quoting President Abdel-Fattah El-Sisi Saturday, following his meeting with French Defence Minister Jean-Yves Le Drian in Cairo earlier in the day.

The new national projects aim at compensating Egyptians in long-missed development, El-Sisi said during the meeting.

Egypt received last Monday three Dassault Aviation-built Rafale fighters from France in a ceremony at a French military base, the first batch of 24 warplanes acquired by Cairo in a 5.2 billion Euro ($5.6 billion) deal in February.

Egypt was the first country to buy the Rafale jets from Dassault Aviation after months of failed attempts by successive French governments to sell them. The fighter plane is scheduled to take part in the opening ceremony of Egypt’s new Suez Canal 6 August.

The new Suez Canal project aims to add a new shipping lane to the existing canal that links the Red Sea to the Mediterranean, and to develop the zone around it into an industrial and commercial hub.

The upgraded canal is expected to speed up traffic along the waterway and to boost its revenues, projected to more than double from $5.3 billion at the end of 2015 to $13.2 billion in 2023, according to official estimates.

Earlier Saturday, Egypt began the first trial of the new Suez Canal, with three container ships navigating through the channel, state news agency MENA reported.

 

 

 

 

 

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
2



Village Idiots
26-07-2015 03:16pm
135-
361+
Are we the village idiots?
"Egypt was the first country to buy the Rafale jets from Dassault Aviation after months of failed attempts by successive French governments to sell them"
Email
 
Name
 
Comment's Title
 
Comment
Rational
26-07-2015 08:55pm
72-
335+
If you want to get rational
Allen, let’s put your hate for Obama a side; What “Defense needs” does Egypt really need in fighting primitive car-bomb terrorists? Fighter Jets? For God sake if they were to fly these French Jhits over Cairo half the old buildings would collapse killing thousands without even firing a missile! You can defend the Gov as much as you want, but on this $6b French Jhits, it is a blunder!
Rational
26-07-2015 08:23pm
0-
333+
If you want to get rational
Allen, let’s put your hate for Obama a side; What “Defense needs” does Egypt really need in fighting primitive car-bomb terrorists? Fighter Jets? For God sake if they were to fly these French Jhits over Cairo half the old buildings would collapse killing thousands without even firing a missile! You can defend the Gov as much as you want, but on this $6b French Jhits, it is a blunder!
Allen
26-07-2015 07:21pm
333-
96+
Coming to conclusions with limited facts, and rehashing them repeatedly.
You seem to ignore the fact that the real village idiot Obama was playing hard ball with President Sisi. Hence President Sisi had to look for more reliable partners to fulfill his defence needs. Nothing wrong with the French equipment. They "sell" less because they are not subsidized as partial aid from the US government.
1



NO to RESHAPE the MIDDLE -EAST
26-07-2015 06:55am
331-
21+
savior
We like or not ,BUT the FACT is, SISI IS OUR SAVIOR and without him we would be in the same situation as Iraq, Syria,Libya.......for the sake of 'GREATER ISRAEL'! We hope that he is not going to turn into a greedy puppet as Mubarak!GOD bless him and US!
Email
 
Name
 
Comment's Title
 
Comment
Ali
26-07-2015 03:08pm
261-
666+
Savior
Savior alight … (1) “Egypt was the first country to buy the Rafale jets from Dassault Aviation after months of failed attempts by successive French governments to sell them” this means crab useless expensive sh#! No one wants, let’s sell them to the genius Egyptian Gov! (2) We wasted as much money on this Dassault sh#! As what was spent on the entire Canal project. (3) The jets are for the opening ceremony of the canal, what a maga expensive waste of money on a mega project. (4) To bring fresh development projects, the Gov needs to assure investors that Egypt is Safe, and it is far from it, with the misguided “Amry vs. Islamists war”.
J.M.Jordan
26-07-2015 01:36pm
333-
0+
Megaprojects are the quickest way of getting Egypt on its feet.
Though developing most slums and the first poorest villages are a very fine thing too. But the megaprojects' advantage is Egyptians themselves, many many of them will by working as many hours as they can not only be able to nourish their families but also to contribute, and if it's only a little bit to "Long Live Egypt". Though personally I believe they could also contribute for the water pipe lines if trained accordingly, that's what happens in Minnesota, you don't have to be a plumber, you just make your 3-years "piping card" and then off you go... (Requires renewal after short new training after the 3 years.) PS: How could Sisi get "like Mubarak", wasn't he the first to contribute to LLE, with half of his fortune plus half of what he's now earning?

Latest

© 2010 Ahram Online.