: A screenshot of Chairman of the Suez Canal Authority Mohab Mamish during his speech during the visit of President abdel Fatah el-Sisi and Saudi Crown Prince Mohamed bin Salaman. : A screenshot of Chairman of the Suez Canal Authority Mohab Mamish during his speech during the visit of President abdel Fatah el-Sisi and Saudi Crown Prince Mohamed bin Salaman.

Integration bet. Suez Canal, Neom will be world trade direction: Mamish

Mon, Mar. 5, 2018
CAIRO – 5 March 2018: Chairman of the Suez Canal Authority Mohab Mamish revealed that 187 projects will be implemented in the economic region of the Suez Canal.

Mamish affirmed that there is a large demand from investors to invest in the economic region.

Mamish stated the importance of Suez Canal for Egypt during his speech during the visit of President abdel Fatah al-Sisi and Saudi Crown Prince Mohamed bin Salman.

Mamish stressed that the Suez Canal Development Corridor will turn Egypt into a global logistics hub.

About 18,000 ships pass through Suez Canal annually with loads exceed 1 billion tons of goods, representing 10 percent of international trade movement and 20 percent of global containers movement, according to Mamish.

Chairman of Suez Canal Authority hoped of integration between the Neom project and the Suez Canal region.

Mamish added that the integration between Suez Canal and Neom will be the direction of trade from all over the world.

“We are working to strengthen the infrastructure and technical employment to raise the classification of the level of reclamation of the economic zone and the new investment law attracted investors to invest in the region,” Memish said.

President Abdel Fatah al-Sisi and Saudi Crown Prince Mohamed bin Salman bin Abdulaziz Al Saud checked major national projects at Suez Canal region on Monday.

Saudi Crown Prince Mohammed bin Salman and President Abdel-Fatah al-Sisi signed four agreements in the first day of bin Salman's visit to Egypt, the Saudi Foreign Affairs Ministry said on its official Twitter account.

Saudi Crown Prince Mohamed bin Salman, arrived in Egypt on Sunday for a three-day visit, before travelling to London.

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