08 August 2022 09:53 AM

Suez Canal Corridor Development Project

Thursday، 07 August 2014 12:00 AM

The announcement of launching the Suez Canal Corridor Development Project coincided with the 58th anniversary of the nationalization of the Suez Canal.

This mega project will provide million job opportunities when the first stages completed, making a real qualitative leap in the national economy. Economists expect the project's revenues to hit $ 100 billion annually when completed.

This project is one of the most important projects related to national security, which will contribute to solving the crises Egypt is now facing, in addition to its role in the urban and geographical re-distribution of the population through integrated urban projects aimed at reclamation and cultivation of some 4 million acres.

This great project is a national one and it is fully owned by the Egyptians who are called upon to take advantage of it to establish national investment projects.

The Egyptians are also invited to purchase shares in some of the projects there, which parts of them will go for initial public offering.

The door will also be open for Arab and foreign investments.

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