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Egypt President Orders Issuing of New Bonds to Generate Funds for Developing Suez Canal Zone
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23.03.2015
Egypt's president has issued a decree to offer new bonds to the public to generate revenue to develop the Suez Canal area, where authorities aim to create new infrastructure and industries and draw foreign investment. Companies and states recently pledged several billions of dollars to build up the area, including installations to store grain and set up logistics hubs in cities along the vital waterway.
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