Egypt: Suez Canal authority asks Italy to invest

The Egyptian authority managing the Suez Canal has shown to a delegation of Italian entrepreneurs visiting Egypt potential investment sectors and opportunities in the huge development project on which the partial doubling of the strategic canal is based.

''We consider the Italian government, the Italian people, our partners, our friends, our brothers and we are working together for the development'' of Egypt, said the president and executive director of the Suez canal authority, Admiral Mohab Mohamed Mameesh, addressing almost 40 representatives of major Italian companies mostly active in the infrastructure sector. ''We consider you as friends, partners and brothers, Mediterranean brothers'', said Italy's Ambassador Maurizio Massari on behalf of the delegation. ''The Italian entrepreneurial community is very interested in playing an active role'' in the ''development of the canal's area'', the ambassador said.