“But something I might say around the Suez Canal can be that people can’t actually fit a price over a change in nation’s sentiment”.
Advertisement
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s participation in the inauguration of Egypt’s new Suez Canal was embodiment and culmination of the deep and strong bilateral ties, Minister of Information and Minister of State for Youth Affairs Sheikh Salman Sabah Salem Al-Humoud Al-Sabah.
Marstal Maersk; the world’s largest container ship has crossed the canal Sunday, coming from the Red Sea to the Mediterranean. The project would slash transit times to 11 hours instead of 18.
This is besides the analysis that the expansion of the Panama Canal, due to be completed next year, will compete with Suez for traffic along the Asia-North America route. Egypt began allowing container ships to pass through the new waterway in the Suez Canal on Thursday.
The government has declared Thursday a public holiday. The get together ended up being attended through several German officers and global reporters.
Advertisement
Cairo’s streets were adorned with billboards and flags praising el-Sisi and celebrating “Egypt’s gift to the world”. It had been promoted for years under former president Hosni Mubarak but never crystallized. Egypt invested US$8 billion dollars for the canal extendable, which was done couple of years in advance of program. Insurgents have killed hundreds of civilians since a military coup ousted President Mohammed Morsi in 2013. Other countries in the region will also benefit from this project, as the canal links the Middle East and Europe. The project is seen as a symbol of national pride by President el-Sisi and a chance to stimulate the economy.
