PM: Egypt-Chinese Agreement Real Start For Northwest Suez Development

An Egyptian-Chinese agreement to overhaul the northwest area of the Gulf of Suez will be the real starting point for the whole area’s development and part of Egypt’s dream to materialize the Suez Canal Corridor, Prime Minister Hisham Qandil said.

During the signing of the agreement Saturday 27/04/2013, Qandil added the Egyptian government, since taking office, has been working on the Suez Canal Corridor Development Project to transform it from just a waterway to a mega national project.

An integrated development plan has been outlined for the whole area, Qandil said, adding the agreement will offer hundreds of thousands of direct job opportunities and millions of indirect ones.

The first phase will provide nearly 700,000 jobs and billions of pounds that would benefit the Egyptian treasury, he said.

The foundation stone of some small and medium sized projects for the youth were laid down to achieve social justice, Qandil noted.

gov.eg