Antisemitism in the US is on the rise - what do US senators and Israeli ministers have to say about it?
Egypt awards Suez hub project to consortium of army, Gulf engineering firm
ByREUTERS
August 19, 2014 15:39

CAIRO - Egypt announced on Tuesday it had chosen a consortium that includes the Egyptian army and Bahrain-registered engineering firm Dar al-Handasah Shair and Partners to develop an industrial and logistics hub in the Suez Canal area.

The Suez Canal is the fastest shipping route between Europe and Asia and brings in around $5 billion in revenues per year, a vital source of hard currency for Egypt which has struggled since a 2011 uprising deterred tourists and foreign investors.



In January, Egypt invited 14 consortia to bid for the development of 76,000 square kilometers (29,000 square miles) around the canal, a project that was first floated several years ago but never taken further.

The head of the Suez Canal Authority, Mohab Memish, made the announcement at a news conference in Ismailia, a city on the banks of the canal in north west Egypt. The event was attended by Prime Minister Ibrahim Mahlab.

"The winning consortium to create the master plan for the Suez Canal area development project is the consortium of Dar Al Handasah Shair and Partners, which is registered in Bahrain, in alliance with Dar al-Handasah Egypt," Memish said.

Share this article via
from around the web
Related Content
Breaking news
March 23, 2017
Report: Trump's pick for Israel envoy confirmed by US Senate

By JPOST.COM STAFF

Top Stories
Israel Weather
  • 11 - 24
    Beer Sheva
    13 - 20
    Tel Aviv - Yafo
  • 9 - 19
    Jerusalem
    11 - 19
    Haifa
  • 14 - 26
    Elat
    13 - 20
    Tiberias