Middle East Suez Canal 2.0: Egyptians pour savings into president's ambitious project

Selling a vision of greatness restored, cash-strapped Egypt has raised $8.4 billion from the sale of investment certificates to its citizens. But experts caution that the retooling of the Suez Canal may not pay off so quickly.

By , Correspondent

Amr Nabil/AP

President Abdel Fattah al-Sisi’s promise of a second Suez Canal has lit the touchpaper of Egyptian nationalism. Across the country, citizens jostle for position in public banks, waiting their turn to invest in the $8.4 billion project they hope will restore Egypt to greatness.