New Suez Canal for Egypt
A new Suez Canal is being built in Egypt. It will run alongside the current Suez Canal. The idea is simple – by building a second canal it will allow the number of ships passing through to practically double, thus increasing trade. This will mean a lot more money coming into the Egyptian economy.
The idea is the brainchild of Egypt’s President Abdul Fattah al-Sisi who is hoping the new second canal will kickstart the country’s ailing economy. For the last few years it has been down on its knees; due to the Arab Spring happening and ultimately then falling flat on its face.
