Egypt’s President AbdelFattah Al-Sisi inspected “by air” the new Suez Canal project after visiting a number of military units on Wednesday, and “expressed satisfaction with the progress of the work on the project, a presidential statement said.
Last September, Al-Sisi approved the Suez Canal investment certificate law, with the National Bank of Egypt, Banque Misr, Banque du Caire, and the Suez Canal Bank providing investment certificates.
By mid-September, the certificates’ sales registered EGP 49bn. According to a poll by the Egyptian Centre for Public Opinion Research (Baseera), around 42% of the citizens that purchased Suez Canal investment certificates relied on money they saved in their homes or shops.
The New Suez Canal project is due to open next August.
