Last year, Egypt resolved to regain control of its destiny and purposefully embarked upon a process of political, social and economic renewal. The first step was to put the country’s political life back in order by holding a new constitutional referendum and conducting presidential elections. The successful completion of the two critical political markers was …
The New Suez Canal project was completed on time and in a record period of one year, demonstrating the government’s capacity to deliver large and complex projects as promised. The new canal will not only bolster Egypt’s long term competitiveness in international trade and generate additional revenues for the state, but is also part of a broader endeavour to develop a new economic zone running alongside the canal corridor that will encompass industrial parks, logistical areas, touristic resorts and other projects offering new opportunities for the private sector and job seekers.