image description
image description
Tell A Friend

Archives


  • 11-08-14

    Egypt to build new Suez Canal to improve trading

    (MENAFN) Egypt decides to build a new Suez Canal along with the existing 145-year-old historic waterway in a multi-billion dollar project to improve trading, The Peninsula Qatar reported.

    Egypt's Suez Canal posts USD5 billion revenues annually, it considered as a vital source for a country that has suffered a decrease in its tourism and foreign investments since 2011.

    The new channel is part of a large project to boost Suez port and shipping facilities, aims to raise Egypt's international profile and establish it as a major trade hub.

    The new channel costs about USD4 billion and will be completed in five years, though Egypt will strive to finish it within a more ambitious three-year deadline.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved