CAIRO — The last year seems to have been a successful one for the Suez Canal. In a statement to Youm al-Sabeh newspaper on Dec. 31, Mohab Mamish, the chairman of the Suez Canal Authority and the head of the Suez Canal Economic Zone, said the canal revenues increased by 89.9% in 2017 compared to 2016. He expects them to grow further with the opening of the logistics zone and surrounding investment zones.
However, Mamish’s optimism is not enough to lift the doubts tormenting many Egyptians about the long-term feasibility of the Suez Canal Area Development Project launched by President Abdel Fattah al-Sisi in 2014.