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Supervisor
Elham AbolFateh

Egypt

Al Sisi: Suez Canal revenues increase nearly $ 700 mln in 2018

Sunday 09/December/2018 - 06:18 PM
Sada El Balad
Ahmad El-Assasy
President Abdel Fattah Al Sisi said "When we decided to build the new Suez Canal project، the natural period was 3 to 5 years، but I insisted on taking just one year،".

During his speech at Africa 2018 Forum، Al Sisi added that he insisted on a year because the inevitable need to quickly finish the economic projects in order to build hope and satisfy the Egyptians after a difficult period they lived. We finished it in one year despite the economic recession at this time.

He pointed out that the rates of annual increase in Suez Canal income in 20172018 ranged between 500 and 700 million dollars، stressing that it was necessary to complete the economic reforms in Egypt quickly.

President Abdel Fattah Al Sisi inaugurated Africa 2018 Forum today Sunday in Sharm El Sheikh.

The official website of the forum said that President Abdel Fattah Sisi، Paul Kagame، President of the Republic of Rwanda and Abiy Ahmed، Prime Minister of Ethiopia will participate in the presidential dialogue at the YED session.

A number of heads of state، government and ministers from various African countries will participate in the forum. representatives of Egypt's development partners، businessmen، investors from Egypt، Africa and all over the world، will attend the forum to boost investment in the African continent.
the two day forum will be held under the title of "Bold Leadership and Collective Commitment: Enhancing Inter-African Investment".

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