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Egypt completes Suez canal expansion, first step towards economic recovery

Egypt completes Suez canal expansion, first step towards economic recovery

By :  DC Correspondent
Update: 2015-08-07 09:21 GMT
In a defining moment of his young presidency, Egypt's Abdel-Fattah el-Sissi presided Thursday over the unveiling of a major extension of the Suez Canal that he hailed as a historic feat needed to revive the country's ailing economy after years of
The canal extension has been trumpeted as a historic achievement by pro-government media and has revived the nationalistic personality cult built around the 60-year-old el-Sissi, who as army chief led the overthrow of an Islamist president in 2013
Palestinian President Mahmoud Abbas, Kuwait's Emir Sheik Sabah Al Ahmed Al Sabah and Greek Prime Minister Alexis Tsipras also attended, as well as Yemen's exiled President Abed Rabbo Mansour Hadi and Sudanese President Omar al-Bashir.
Tight security was in place at an elaborate ceremony held in the canal city of Ismailia and attended by foreign dignitaries, including French President Francois Hollande, King Abdullah of Jordan and Bahrain's King Hamad bin Isa Al Khalifa
But Thursday's festivities were partially overshadowed by an Islamic State group affiliate's threat to kill a Croatian hostage kidnapped in Cairo last month - a grim reminder of the threat posed by Islamic militants battling the Egyptian government.
At one point, a young boy in military uniform and holding Egypt's red, black and white flag joined him on deck as they both waved the flag.
The vessel, bedecked in Egyptian and foreign flags, was flanked by navy warships as helicopters, fighter jets and military transport aircraft screamed overhead. A triumphant el-Sissi stood on the upper deck, waving to well-wishers and folklore dance
Wearing his ceremonial military uniform and trademark dark sunglasses on a sweltering August day, el-Sissi flew to the site aboard a military helicopter and immediately boarded the same monarchy-era yacht that dignitaries sailed on during the canal'
Playing into his hands is a clear shift by many Egyptians away from the need for democratic freedoms and toward economic survival as a top priority - not surprising in a country where nearly half the population is below or hovering just above the
The magnitude of the project, its completion on schedule 13 months into his presidency and the large high-level foreign representation at its unveiling were likely to bolster el-Sissi's already high standing among many Egyptians - pushing aside, at
"Egyptians have made a huge effort so as to give humanity this gift for development and construction," el-Sissi said, his words interrupted at times by the horns of container ships using the new extension - a sound that brought a smile to his face
Upbeat and clearly relishing the pomp-filled occasion, el-Sissi nevertheless conceded that the $8.5 billion project will not bring a quick economic windfall to a country roiled by violence and unrest since 2011. Its completion, he said, was but the
Egypt completes Suez canal expansion, first step towards economic recovery

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