Egypt to gift the new Suez Canal on August 6

Egypt’s new Suez Canal is expected to open in early August in a project president Abdel Fattah al-Sisi sees as a potent symbol of national pride and to boost the country’s battered economy.

The army began work 10 months ago on the $US8 billion canal, flanking the existing, historic 145-year-old waterway and part of a larger undertaking to expand trade along the fastest shipping route between Europe and Asia.

The Suez Canal is a vital source of hard currency for Egypt, particularly since the 2011 uprising that scared off tourists and foreign investment.

To know more, visit the source site. Continue reading there after the first three lines. Click on.. here.

Source Credits: ABC News AU

This entry was posted in 07. Comercio and tagged , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave your comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s