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The assertion got here amid news circulated on social media platforms claiming that Egypt had contracted an Israeli firm to handle the waterway’s companies by a 99-year concession contract.
(AP Archive)
Egypt’s Suez Canal Authority (SCA) has denied studies about contracting an Israeli firm to handle its companies.
In a press release on Friday, SCA chief Osama Rabie termed studies about contracting a international firm to run the canal as “completely and utterly untrue”.
He reiterated Egypt’s sovereignty in all political and financial points by managing, working and sustaining the navigational facility of the Suez Canal.
Rabie stated the authority is dedicated to its social duties by saying all its contracts in numerous types, together with contracts or memorandums of understanding and disclosing the phrases of the contracts and their significance.
The Egyptian official stated that every one contracts concluded by the authority “cannot in any way downplay Egyptian sovereignty over the canal and all its facilities that are protected under the Egyptian constitution.”
READ MORE: Egypt police come below assault in Suez Canal metropolis
Legal motion towards the rumours
The denial got here amid news circulated on social media platforms claiming that Egypt had contracted an Israeli firm to handle the waterway’s companies by a 99-year concession contract.
Rabie vowed to take all authorized motion towards those that promote rumors concerning the Suez Canal.
The Suez Canal is without doubt one of the most essential waterways on the planet and a fundamental business route for delivery items.
The canal is without doubt one of the fundamental sources of revenue for Egypt.
READ MORE:
Egypt’s Suez Canal nets report $6.3 billion income final 12 months
Source: AA
Source: www.trtworld.com
