Egyptian President Abdel Fattah al-Sisi said the Suez Canal has made about $220 billion since 1975.
Al-Sisi said: “I’m talking about the new opening in 75 of the Suez Canal, which brought in 220 billion dollars. If someone takes away 10% of this number and puts it in a box.”
The Egyptian president added during the inauguration of the medical and industrial gas plants and the Tier 3 power plant at the chemical industry complex in Abu Rawash, Giza Governorate: “Why did the fund enter Parliament? … in order to grant him parliamentary immunity, no one can take him from him and not dispose of him according to the norms that have been approved. consent and every need.
Egyptian President Abdel Fattah El-Sisi has urged the Suez Canal administration to reveal all the facts about the fund’s draft law, which has sparked controversy in the recent period over the sale of the canal’s assets.
On the other hand, the head of the Egyptian administration of the Suez Canal, Osama Rabie, confirmed that the creation of an investment fund for the administration would not lead to the loss of Egypt’s sovereignty over the Suez Canal or any of its assets.
“We cannot relinquish sovereignty over the Suez Canal or one of its assets,” Rabih said during a press conference in Ismailia after controversy over the House’s initial approval of the foundation, adding that those assets belong to the people and are protected by the Constitution.
Source: RT