After deciding that the financing needs of the Suez Canal development project will be pooled from investment certificates made available to the public, authorities have announced that Egyptian pound-denominated certificates will be available locally and abroad.
Dollar-denominated certificates are still under discussion, while restricting the purchase of the Suez Canal Investment Certificates to Egyptian individuals and legal entities reflects the government’s strong desire to create and preserve a national identity for the mega-scale project.
After deciding that the financing needs of the Suez Canal development project will be pooled from investment certificates made available to the public, authorities have announced that Egyptian pound-denominated certificates will be available locally and abroad.
Dollar-denominated certificates are still under discussion, while restricting the purchase of the Suez Canal Investment Certificates to Egyptian individuals and legal entities reflects the government’s strong desire to create and preserve a national identity for the mega-scale project.
