Egypt: Investment Minister - Suez Canal Development Project Will Not Be Unplanned

Investment Minister Osama Saleh said on Tuesday 22/1/2013 that the Suez Canal axis development project will not be unplanned and not dedicated for a certain country.

The minister pointed out that a general plan will be devised for carrying out development projects through usufruct system not by sale.

In a press conference held at the Cabinet's, he noted that Qatar did not apply to set up a Qatari city in Egypt.

During his recent visit to Saudi Arabia, where he attended the Arab Economic and Social Development Summit, he met with a large number of Saudi investors willing to invest in Egypt.

Ads by Google

Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.