7
T
henewcanal is set tobebuilt
toa lengthof 72kmaswell as
deepeningandwideningof the
GreatBitter Lakes andBallahby-
passes. Theproject isdescribed
by theSuezCanal Authorityas “creatinganew
canal, parallel to theexistingone, tomaximize
benefit from thepresentCanal and itsby-
passes, anddouble the longest possibleparts
of thewaterway to facilitate traffic in the two
directions andminimize thewaiting time for
transiting ships.” Theproject is foreseen tohave
apositive impact onEgypt’snational income
as itwill boost thehardcurrencyearnings,
providemuchneeded jobopportunities and
thecreationof newurbancommunities.
Thenumber of averagedaily ships isexpected
to increase from thecurrent 49 to97 ships, as
for the revenuegeneration the increase is a
whopping$13.226billion from$5.3billionall
by theyear 2023. Thefirst trialwas completed
successfullyonJuly27
th
, 2015passing three
shipsofAmerican, DanishandBahrani origins.
Inaddition to that thegovernment plans to
buildan international industrial and logistics
hubnear theSuezCanal that it expectswill
eventuallymakeupabout a thirdof the
Egyptianeconomy. Aceremony to inaugurate
thenewcanal is set tobeheldon the6
th
of
August, 2015.
TheCairoMarriott&OmarKhayyamCasino
isexcited tocontinue the legacy that started
in thepalaceand fortify their commitment to
supportingEgyptian tourismandeconomy
throughour
#Activ8Egypt campaign
.
“MY COUNTRY ISNO LONGER
IN AFRICA; WE ARE NOW
PART OF EUROPE. IT IS
THEREFORENATURALFORUS
TO ABANDON OUR FORMER
WAYS AND TO ADOPT A
NEW SYSTEM ADAPTED TO
OUR SOCIAL CONDITIONS”.
KHEDIVE ISMAIL
