In a national address in Ismailia on Tuesday, President Abdel Fattah al-Sisi spoke of the value of the new Suez Canal Development project for Egypt’s economic progress...The president indicated that Egyptians feel a certain sensitivity toward foreign involvement in such projects, stating that the creation of the new Suez Canal as well as the building of six new tunnels in Sinai will be carried out by the military, citing national security as a concern. Meanwhile, he said that the wider development projects in the Suez Canal will be contracted to foreign, Arab as well as Egyptian investors. The privately owned Al-Masry Al-Youm had said that the winning consortium of the project will be led by Dar al-Handassa, of which the Armed Forces Engineering Authority is a local partner, as well as a Dutch consulting company Royal Haskoning DHV...