Sisi’s statement on ‘Suez Canal allegedly sold’

According to the official Egyptian news agency MENA, Sisi spoke about the Sinai Peninsula Reconstruction and Development Plan at an event held in Ismailiyya province.

“The state is abnormally attacked with lies, slander and rumors. The latest of these was the claim that the Suez Canal, which has been on the agenda for three weeks, was sold to another company for a trillion dollars. he used the phrase.

Speaking about the Sinai Peninsula, Sisi said that they made progress in the field of development in Sinai after the end of the terror that affected people’s lives.

Sisi noted that the cost of the Sinai development plan for the state is between $40 and $50 billion.

Saying that the fight against terrorism is not over yet, Sisi said: “The terror was aimed at taking away a valuable part of our land.” he used the phrase.

WHAT HAPPENED?

In a post on Twitter, a 94-page document, signed by the country’s President Abdulfettah es-Sisi and Prime Minister Mustafa Medbuli, was released stating that the rights to operate the Suez Canal in Egypt were transferred to a foreign company. for 99 years. .

Among those who shared the document was Mahmud Vehbe, an Egyptian-born academic and businessman living in the United States. The document was previously shared by Israeli journalist Edy Cohen.

The signed and sealed 94-page document, which was declared a forgery, contained the details of the agreement on the transfer of the rights to exploit the Suez Canal to an international consortium based in England for 99 years.

Suez Canal Administration General Manager Osama Rebia said in a statement on February 4 that allegations that the canal’s operating rights were handed over to a foreign company for 99 years were untrue. (AA)