News

Egypt Prepares for A Day of Celebrations Marking New Suez Canal Opening

Egypt Prepares for A Day of Celebrations Marking New Suez Canal Opening

Egypt's President Abdel Fattah al-Sisi visits the "New Suez Canal" project, on January 16, 2015. Presidency Handout
Egypt’s President Abdel Fattah al-Sisi visits the “New Suez Canal” project, on January 16, 2015. Presidency Handout

Egyptian President Abdel Fattah al-Sisi is inaugurating on Thursday the “New Suez Canal”, in an anticipated celebration which Egypt has long been campaigning for.

The inauguration ceremony will be attended by a number of world leaders, most notably French President François Hollande. Celebrations are due to begin Thursday afternoon, with the president expected to deliver a speech at around 4 p.m.

The Suez Canal Authority conducted a test-run for the new canal on July 25, allowing a flotilla to cross the canal for the first time.

Dubbed by Sisi’s government as the “New Suez Canal”, the project is made up of two aspects.

One involves building a 35 –kilometers-long canal parallel to the current Suez Canal, to minimize the amount of time ships spend crossing the canal. Additionally, the Suez Canal was made deeper and wider to admit larger ships.

This aspect, launched on August 5, 2014, is the one being celebrated today, after a year-long construction.

The other aspect of the “New Suez Canal” is meanwhile the longer-term development of the canal region.

The development aspect is planned on to take place over two phases, the first of which is due to be initiated within 2015 and will be completed by 2030. The second is set to be completed by 2045.

Overall, investments surpassing $US 100 billion are expected to be poured in the two phases and they are slated to provide a million job opportunities.

On the long-run, the project aims to develop the entire region surrounding the Suez Canal, turning the strategic waterway into a comprehensive global business center, which provides maritime transport services.

The services include repairing ships, refueling, towing and rescuing, painting and cleaning ships and loading and unloading them.

The project will see the creation of industrial and logistical centers, as well as centers for packing and packaging.

Several Killed in Saudi Arabia Suicide Bombing
Egypt's New Suez Canal Through The Eyes of Foreign Media

Subscribe to our newsletter


News
@AswatMasriya_En

Aswat Masriya is a Thomson Reuters Foundation-sponsored website that covers Egypt's transition to democracy. en.aswatmasriya.com

More in News

sticlute-de-parfum-2

Import Tariffs on 320 Goods Increased by up to 60 Percent in Egypt

Aswat MasriyaDecember 5, 2016
Note: Egyptian Streets cannot independently verify the veracity of any images in this article.

‘Disgusting Video’ of Ketchup Production Called Misleading by Heinz Egypt

Egyptian StreetsDecember 4, 2016
squashwomen

Egypt’s Women Make Squash History Taking Top Three Spots in World Ranking

Egyptian StreetsDecember 4, 2016
Protesters gather to demonstrate Egypt's decision to declare two Red Sea islands as Saudi Arabian. Khaled Ali, pictured, brought a case to the Administrative Court against the decision. Credit: Belal Darder

Egypt’s Constitutional Court Rules Against Interior Minister Authority to Ban Protests

Aya NaderDecember 3, 2016
pablo-4

Egypt’s Foreign Minister in ‘First Meeting’ Between Arab Official and US Vice President-elect

Egyptian StreetsDecember 1, 2016
A street in Luxor.

UK Court Allows British Woman to Adopt Girl ‘Found in a Box’ in Egypt’s Luxor

Egyptian StreetsNovember 30, 2016
egypt parliament

Egypt’s Parliament Passes Controversial NGO Law

Aswat MasriyaNovember 30, 2016
The arrival hall is empty at the Sharm el-Sheikh Airport in south Sinai, Egypt, Monday. Airbus executives say they are confident in the safety of the A321 that crashed Oct. 31 in Egypt's Sinai Peninsula, killing all 224 people on board. Photo: AP

UN World Tourism Organization Urges UK to Return Flights to Sharm El-Sheikh

Egyptian StreetsNovember 29, 2016
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2016 ES Media UG. All Rights Reserved.