Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
23-11-14
Egypt, German firm sign deal for machinery for Suez Canal
(MENAFN) Egypt announced it has signed a deal with Herrenknecht AG, a German firm for the use of their machines to bore at least four tunnels under the Suez Canal, Arabian Business reported.
These tunnels are part of an USD8 billion project to expand the waterway of the canal, in a project which the government hopes will raise revenues and foreign currency reserves.
The Egyptian armed forces' engineering division said that the contract with the German company includes the providing of three car and train tunnels in Port Said, the northern outlet of the canal into the Mediterranean Sea, while the tunnels themselves will be built built by Orascom Construction and other Arab contractors.
The Egyptian government said that it hopes that the expansion of the Suez Canal will almost triple revenues from the waterway by 2023 to reach USD13.5 billion compared with its current revenue of USD5 billion, with the new development expected to run alongside the existing 145-year-old waterway, which is known to be the fastest shipping route between Europe and Asia.
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us