Egypt to finalize tender for Suez Canal development, but this time along, Qatar stands no chance

Published November 12th, 2013 - 04:55 GMT
"No country is taking the lead, it is an Egyptian project," said the country's investment minister.
"No country is taking the lead, it is an Egyptian project," said the country's investment minister.

Egypt will finalise a tender for the development of the Suez Canal by the end of the month, the country's investment minister said on Monday.

"No country is taking the lead, it is an Egyptian project and we are going to finalise the first stage by finalising this tender by the end of this month," Osama Saleh told a Euromoney conference in Cairo, adding the terms of reference will be tendered globally.

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