The exhibition pieces are from 10 archaeological sites on the western and eastern sides of the canal between Pelusium, Tel Habuwa, Tel Abu Seifi, Tel Kedwa and Tel Al-Erede.
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The inauguration of the new Suez Canal is evidence that the stability has returned and that an environment exists in which things can be done, businesses can grow, banks can lend, and people can hope, Forbes Magazine reported.
Egypt is set to open the new Suez Canal on August 6, only one year after construction began on the project.
Rather than a bottleneck, analysts say those statistics reflect slower global trade growth, which the worldwide Monetary Fund expects to average 3.4 percent in the period 2007-2016, compared with 7 percent over the previous decade.
“I don’t understand the logic of this Suez Canal expansion”, said Robin Mills, head of consulting at Manaar Energy in Dubai.
“The canal is a symbol of the strategic importance of Egypt, the country built its importance on it. For many, it’s why so many powers take an interest in this country, it’s a kind of leverage”, says Timothy E Kaldas of the Tahrir Institute for Middle East Policy.
The access channel will be dredged by the consortium of seven companies that is now completing the expansion of the main canal that will allow a doubling of commercial through traffic from a current 49 ships to an estimated 97 ships a day.
The government hasn’t made public viability studies to show how it will gain a return on its 64 billion Egyptian pound ($8.2 billion) investment. 700 of the Group’s vessels will cross the New Canal in 2015.
“The National Defense Council agreed to prolong the participation of (Egyptian) troops engaged in a combat mission” in the Gulf, the Red Sea and the Bab al-Mandab Strait, a statement released by the Egyptian presidency announced. The New Suez Canal finalization is a major event for us.
“The impression we’re taking away is this is a huge undertaking and it has been completed in a time which is frankly astonishing”, said Peter Hinchliffe, secretary general of ICS and worldwide Shipping Federation (ISF), on a visit to the canal on 30 July.
Security consideration permitting the strains of Verdi’s Aida will sound over Thursday’s official opening of the new two-way Suez Canal.
A police crackdown targeting Morsi supporters has killed hundreds and seen thousands jailed.
That means shorter sailing times do not immediately trickle down in the form of higher revenue and profit – though increased business is possible if more customers ship their products through the canal because speedier transport means a lower shipping cost. “Egypt’s Gift to The World”, the stamp reads in part.
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“If you pump enough money at something, of course it can get done”.
