In total 62 Italian companies have already displayed a fair share of willingness towards investing in the Suez Canal Corridor Area Project, which is to be presented at the economic summit in Sharm el Sheikh that will be held in the time frame of Friday to Sunday.The news was backed up on CBC television by Mohab Mamish, Suez Canal Authority (SCA) chairman, who made a visit to Milan eleven days prior along with Ashraf Salman, Egypt’s Investment Minister.(…)
Egypt is currently building a brand new 72-kilometre long channel parallel to the existing canal, and is thus almost doubling the capacity of the infrastructure, going from 49 to 97 vessels on a daily basis.