Egyptians race to expand Suez Canal, hoping for trade surge
ISMAILIA, Egypt (AP) Bulldozers push earth and dredgers spit mud round the clock at Egypt's Suez Canal in a race to quickly expand the strategic waterway for two-way traffic, a project trumpeted by President Abdel-Fattah el-Sissi to revive both the country's damaged economy and visions of nationalist glory. The government's goal of more than doubling annual canal revenues to some $13 billion in less than a decade, however, appears overly ambitious. Although more vessels will be drawn to the...
Read MoreWed, 04 Mar 2015
- Egyptians race to expand Suez Canal, hoping for trade surge
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