April 26, 2019
Admiral Mohab Mameesh, Chairman of the Suez Canal Authority and the General Authority of the Canal, revealed the details of the meetings with the Chinese side on cooperation between the two countries on the sidelines of the “Belt and Road” Initiative.
The Admiral said the meetings reviewed China’s investment in the Canal Economic Zone with regards to the projects currently underway or expected to be implemented in the future. He followed up saying “Chinese investments form a large part of the projects in the Canal Economic Zone.”
Mameesh pointed out that the rate of project implementation was discussed, in addition to the size of the employment that will be available at the time of project establishment. He pointed out that they discussed the obstacles and problems facing the Chinese side in order to solve them and facilitate the investment process.