Sisi bolsters nationalist appeal with $8bn Suez Canal investment - FT.com:
"Abdel Fattah al-Sisi, Egypt’s president, has made the Suez Canal the centrepiece of a vast new public works programme designed to restart the country’s ailing economy and rally political support.
The waterway is a cherished national symbol for Egyptians. Built by thousands of conscripted labourers it was inaugurated in 1869 and nationalised in 1956 by then president Gamal Abdel Nasser, prompting the Suez war. His defeat of former colonial powers France and Britain, along with Israel, transformed Nasser – to whom Mr Sisi has been compared by many commentators – into an Arab hero.
The new $8bn scheme seems at least partly aimed at burnishing the nationalist credentials of the new regime under Mr Sisi, who as defence minister ousted his Islamist predecessor last year."
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