Egypt to build a rail link as an alternative to the blocked Suez Canal
"In addition, we've invested heavily in our infrastructure, be it roads, be it ports, as well as railroads, to give options to our trading partners to mobilize their merchandise and to move their merchandise across Egypt, whether through the Suez Canal right away or into the Suez Canal, and then use our network of infrastructure to go to the Mediterranean Sea and get access to the European market," said Ahmed Rostom, the Egyptian Minister of Economy and Planning.
Suez Canal For over a century, the Suez Canal was Egypt’s guaranteed commercial artery, handling roughly 12% of global maritime trade.
Dubbed the "Suez Canal on Rails", the line connects Red Sea ports directly to Mediterranean export terminals.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
