Suez Canal Authority denies granting 99-year concession contract to company

The Cabinet's Media Center denied a rumor claiming that the Suez Canal Authority contracted with a company to manage its services through a 99-year concession contract.

The media center stated - in a statement Friday - that it had contacted the Suez Canal Authority, which denied these reports, stressing that it is not true that the Suez Canal Authority contracted with a company to manage its services through a 99-year concession contract, and that the circulating publication is unrealistic.