Posted on July 29, 2015
During the recent visit to the National Marine Dredging Company presentation on the New Suez Canal Project, Egyptian President Abdul Fattah el-Sisi was informed about the progress made so far on the Project, the dredging contractor said in a press release.
Some of the world’s top dredging companies are taking part in this major project that is designed to enlarge the transit capacity and to increase industrial activity in the area.
During the presentation, the Chief Executive Officer of NMDC, Mr. Yasser Zaghloul, explained to the President the details about the progress of the New Suez Canal Project.
This capital development scheme, estimated to be worth over $2.1 billion, was inaugurated by the Chairman of the Suez Canal Authority