Libyan parliament official congratulates Egypt on new Canal

Jalal Al Sheweihdi, the head of the media committee at the Libyan parliament, congratulated the Egyptian people and government on the inauguration of the new Suez Canal.

In statements to MENA, Sheweihdi lauded the Egyptians for realizing such achievement in a record time.

The New Suez Canal would be the gate for economic development and would be followed by other projects, he said.

The New Suez Canal will massively increase the capacity of the existing canal and offer an important opportunity to boost the country’s struggling economy.

The new 72-kilometer waterway, built in less than a year at a cost of 60 billion EGP, runs part of the way alongside the existing canal connecting the Red Sea and the Mediterranean.

The legendary project was mostly financed by investment certificates sold to Egyptians.