President Abdel-Fattah al-Sisi said during a visit to East Port Said industrial zone on Saturday that the government is undertaking economic reform measures to provide funds for the Sinai Development Project totaled at LE275 billion.<\/p>\n
Sisi suggested that part of the amount which the Egyptian people donated to dig the New Suez Canal \u2014 LE64 billion in total \u2014 is being used to construct the canal\u2019s tunnels.<\/p>\n
Sisi clarified that the government started the three projects in parallel \u2014 the New Suez Canal, tunnels and the East Port Said industrial zone.<\/p>\n
Chief of the Engineering Authority of the Armed Forces Kamel al-Wazer answered Sisi\u2019s question on the reasons for the late completion of the East Port Said Development Project and said that stones required for the project are being transferred from Suez quarries because they are cheap.<\/p>\n
Wazer said that the deadline for the project will possibly extend until October 2018, three months later than the original deadline.<\/p>\n
Edited translation from Al-Masry Al-Youm<\/p>\n","protected":false},"excerpt":{"rendered":"
President Abdel-Fattah al-Sisi said during a visit to East Port Said industrial zone on Saturday that the government is undertaking economic reform measures to provide funds for the Sinai Development Project totaled at LE275 billion. Sisi suggested that part of the amount which the Egyptian people donated to dig the New Suez Canal \u2014 LE64 […]<\/p>\n","protected":false},"author":40,"featured_media":78003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7863],"tags":[24975,34862,11899,34861],"class_list":["post-78001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-section","tag-armed-forces","tag-kamel-al-wazer","tag-president-abdel-fattah-al-sisi","tag-sinai-development-project"],"yoast_head":"\n