Egyptian, U.S., French companies to organize Suez Canal opening ceremony
Sisi met with the chairman of the Suez Canal Authority Mohab Mamish Thursday - Photo Courtesy of Presidential office
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CAIRO: A specialized joined alliance of Egyptian, French and American companies was chosen to organize the New Suez Canal inauguration ceremony, scheduled for August 6, according to a presidential statement Thursday.

The statement came after President Abdel Fatah al-Sisi met with the chairman of the Suez Canal Authority Mohab Mamish Thursday to follow up on the latest development related to the inauguration ceremony.

During the meeting, Mamish briefed the president on the procedures taken to study the proposals presented from different international companies to organize the ceremony, according to presidential spokesperson Alaa Youssef.

“In early June, a 3-month promotional campaign will be launched through the local, regional and international media platforms to explain “the unprecedented efforts” made to finish dredging the new canal in a period shorter than planned,” said Mamish.

The inauguration ceremony will introduce the project and its advantages to the world, along with the investment opportunities it offers, Mamish said, adding that a number of Egyptian investors will also participate in funding the inauguration.

During the meeting, Sisi asserted celebrations on the event will be held nationwide.

The project of the new 72-kilometer long canal was launched in August 2014 with a one-year deadline instructed by Sisi.

Egypt hopes the project will increase shipping traffic to 97 ships per day by the year 2023, up from 49 ships at present, and also to increase canal revenues from $ 5.3 billion at present to $ 13.226 billion in 2023, according to Suez Canal Authority.

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