Mamish – Suez Canal Investors Should Benefit From Youth

Head of the Suez Canal Authority Mohab Mamish said that one of the most important objectives of the New Suez Canal is to get Egypt to be an important global logistical center through projects and new legislation which will be announced shortly.

The legislation will stipulate obligating investors to appoint 75% of Egyptian youth in every project, he added at a meeting with TV presenter Osama Kamal on “Al Qahera Wannas” TV satellite channel.

Mamish added that directives of President Abdel Fattah El Sisi include giving priority to national investment then Arab and foreign investments.

Egypt seeks to attract foreign investment to support the national economy, he said, stressing the need to create a good investment atmosphere.

He also underlined that improving the service in the Suez Canal will encourage ships from world countries to pass through the Egyptian waterway.

Source : Egypt State Information Service