CAIRO — It's been two years since the new Suez Canal opened. At the time, the project was massively promoted as one that would benefit Egyptians of all backgrounds. So far, it has failed to deliver the expected revenue, though business development projects are in the works.
The canal opened Aug. 6, 2015, and the Ministry of Youth and Sports celebrated the anniversary last month. One wonders, however, why the canal hasn't fulfilled the government's promise of profits.