CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Middle East Business

Egypt tender to develop Suez Canal soon

Published: 12 Nov 2013 - 11:15 am | Last Updated: 28 Jan 2022 - 09:38 am

CAIRO: Egypt will finalise a tender for the development of the Suez Canal by the end of the month, the investment minister said, to try to boost an economy struggling with political turmoil since 2011.

“No country is taking the lead, it is an Egyptian project and we are going to finalise the first stage by finalising this tender by the end of this month,” Osama Saleh told a Euromoney conference in Cairo, adding the terms of reference will be tendered globally. Reuters