Egypt Opens $8 Billion ‘New Suez Canal’ in Boost to El-Sisi
Suez Canal Expansion Opened
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Egypt unveiled an $8.5 billion expansion to the Suez Canal on Thursday, the first of a series of mega projects the government has promised to undertake to transform the country after years of turmoil.
The expansion of the canal was a one-year venture overseen by the military under order from President Abdel-Fattah El-Sisi. The undertaking has been painted in nationalist tones, part of El-Sisi’s attempts, analysts say, to offer something tangible to a population weary of often violent unrest.