7 August 2015

Egypt unveils Suez Canal extension with pomp-filled ceremony

A supporter of Egyptian President Abdel-Fattah el-Sissi carries his poster on his bike as he celebrates with others for Thursday's opening of the new extension of the Suez Canal, riding on the Qasr El Nile Bridge in Cairo, Egypt, Wednesday, Aug. 5, 2015. Egypt will unveil a major extension of the Suez Canal on Thursday, a mega-project that has emerged as a cornerstone of el-Sissi's efforts to restore national pride and revive the economy after years of unrest.
In a defining moment of his young presidency, Egypt's Abdel-Fattah el-Sissi presided Thursday over the unveiling of a major extension of the Suez Canal that he hailed as a historic feat needed to revive the country's ailing economy after years of unrest.
Upbeat and clearly relishing the pomp-filled occasion, el-Sissi nevertheless conceded that the $8.5 billion project will not bring a quick economic windfall to a country roiled by violence and unrest since 2011. Its completion, he said, was but the first of a 1,000-step journey Egyptians must take toward economic recovery.