Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Egypt selected a consortium of Egyptian and Gulf companies Tuesday to develop the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones, officials said.Prime Minister Ibrahim Mahlab described the project as part of "rediscovering of Egypt" and making use of its hidden resources. He asserted that the project will create one million job opportunities and turn the region into a new Hong Kong.In this $4 billion project, the Egyptian military and local companies would dig out a new, 35-kilometer segment of the waterway in order to shorten the waiting period for crossing ships from some 11 hours to three.
FOLLOW THIS ARTICLE