Wave of Patriotism as Egypt Raises $9 Billion for Suez Canal - NBC News.com - 0 views
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kevinobkirchner on 08 Oct 14Despite the hardships Egyptian citizens have endured in the last 4 years they have poured a collective 8.5 billion dollars into an upgrade of the Suez Canal, a long time symbol of national pride. Al-Sisi is planning to build a waterway parallel to the Suez Canal. Egyptians had the option to invest in the waterway by purchasing certificates with a guaranteed return. 82% of investments were from individuals instead of institutions and the canal is expected to bring in $2 to $5 billion in revenue over the next two to three years.