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

It stressed that the Suez Canal will remain fully owned by the Egyptian state, and subject to its absolute sovereignty.
04.02.23 | Source: See news

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.

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