Egypt claims Houthi attacks have cost its economy $6bn in lost Suez revenue
Egypt has suffered a $6bn hit from the Red Sea crisis and drop in Suez ...
© Khunaspix Dreamstime.
Egypt’s plans to develop a vast area around the Suez Canal into a logistics, industrial and manufacturing hub could be stillborn if it fails to also introduce a series of reforms to its cumbersome bureaucracy, according to a lead consultant on the project, “You cannot have it with the current bureaucracy, or the current legislation, or with very poor infrastructure connections.”
Comment on this article