Egyptian Cabinet Endorses EGP2 bln for Suez Canal Development Project

Mohab Mamish, Chairman of the Suez Canal Authority (SCA) has asserted on Saturday that the government agreed to allocate EGP2 billion for Suez Canal Axis Development project for the infrastructure.

Mamish said this trend will aim to grant this national project strong push after the official declaration for launching it with the presence of Dr. Hazim Al-Bablawi the Prime Minister in the last Monday.

He added that the country is going on implementing the roadmap of this national project so as to achieve the ambitions and the hopes of the Egyptian people by the next period.

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