Egypt sees $150bln Investments in Suez Canal Axes’ Projects

The total volume of expected investments in infrastructure projects -set to be implemented in Suez Canal axes- worth US$150 billion within the upcoming 15 years, Investment Minister Ashraf Salman said Friday.

The minister told Amwal Al Ghad that the local investments will seize 70% of the total new investments set to be carried out in Suez Canal axes development project.

Salman noted that Egypt has invited large international firms to attend the inauguration of the New Suez Canal on August 6, 2015.

Gulf and European states have a great concerns to invest in Suez Canal axes’ projects, the minister said, adding that Saudi firms has a trend to invest in energy and seawater desalination projects.

Moreover, Salman clarified that Emirati firms have a trend to invest in logistics zones while Kuwaiti firms tend to participate in commercial zones.