BREAKING NEWS

Egyptians increasingly angered over Suez development plan

By REUTERS

JUNE 13, 2013 19:30

CAIRO/LONDON - A plan by Egypt's Islamist-led government to develop the land along the Suez Canal faces fierce opposition in districts that have been flashpoints for violence before, and may even threaten traffic on the strategic waterway.

Officials say a draft law aims to raise $100 billion in yearly revenues, bypass bureaucracy and create an industrial hub for shipping along the 192 km (120-mile) strip.

Those opposing argue it gives the president absolute powers to seize land.

Last month, protestors in Port Said stormed a conference that aimed to showcase the port development plan, forcefully removing attendees.

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