Development

  • Often intertwined with foreign investment, many sectors, such as agriculture and water use, have seen a marked rise in development in recent decades.

  • Article // Dec 19, 2014
    Maria Golia
    During a televised speech on August 5, 2014, President Abdul-Fattah el-Sisi announced a “surprise” he’d planned for the Egyptian people: the launch of the New Suez Canal mega-project, involving an expansion of the existing canal and the development of its environs into a global trade hub. The project is making waves in Egypt and worldwide, mobilizing equipment, contracts, and finance. But the plan to widen and deepen the existing canal to permit passage to the world’s largest container ships and to dig a parallel waterway to allow for two-way traffic was not new. Initiated by Anwar Sadat’s administration, it was placed on the table twice by Hosni Mubarak but dismissed for lack of funds.

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