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

European Parliament President Calls for Release of Student Activist Patrick

Egyptian StreetsFebruary 16, 2020

#DaughtersOfTheNation: Voices From the First Ever Women’s March in Iraq

Mirna AbdulaalFebruary 15, 2020

Breaking: Egypt Reports First Case of Coronavirus

Egyptian StreetsFebruary 14, 2020

In Pictures: Snow Covers Baghdad for the First Time Since 2008

Egyptian StreetsFebruary 14, 2020

Egypt’s Aswan Women Film Festival: Blending Creativity With Women’s Activism

Mirna AbdulaalFebruary 13, 2020

Egypt’s Population Hits 100 Million: CAPMAS

Egyptian StreetsFebruary 11, 2020

Who is Egyptian Student and Activist Patrick George?

Egyptian StreetsFebruary 10, 2020

10 Terrorists Killed as Egypt’s Military Foils Attack in North Sinai

Egyptian StreetsFebruary 10, 2020