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BREAKING
President al-Mashat: Our armed forces, represented by our air defenses, will soon turn the Zionist enemy’s aircraft into a subject of ridicule.
President al-Mashat: Good news about the Zionist enemy’s aircraft used in aggression against our country will reach you soon, God willing.
President al-Mashat: Our armed forces will be able to deal with hostile Zionist aircraft without causing any harm to air or maritime navigation.
President al-Mashat: To ensure the safety of airliners, they must avoid navigating along the routes used by the Zionist entity to carry out aggression against our country.
Yemeni President Mahdi al-Mashat: For the safety of air and maritime navigation in areas where our armed forces operate, we have directed that the routes used by the Zionist enemy to attack our country be designated as dangerous.
Hamas official says despite this, Hamas leadership is currently undertaking a thorough review of the new proposal
Hamas official says the response fails to meet any of the just and legitimate demands of our people
Hamas official says it is clear that the Israeli response fundamentally seeks to entrench the occupation
Reuters citing Hamas official: Group received Israeli response to Witkoff proposal
Sources to Al Mayadeen: The news regarding a press conference tonight by the head of the Hamas movement in the Gaza Strip, Khalil Al-Hayya, is false.

Egypt on the Economic Corridor: No alternative for Suez Canal

  • By Al Mayadeen English
  • Source: Al Mayadeen
  • 12 Sep 2023 09:19
  • 2 Shares
3 Min Read

Former Suez Canal Authority Head asserts that there is no substitute for the Suez Canal in maritime transport, in response to the announcement of the Economic Corridor project by the United States, India, and Saudi Arabia.

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  • The BW Lesmes, is shown in the waterway of the Suez Canal August 23, 2023 (AP)
    The BW Lesmes is shown in the waterway of the Suez Canal on August 23, 2023 (AP)

General Mohab Mamish, former adviser to the President and former head of the Suez Canal Authority, emphasized that there is no alternative to the Suez Canal, which stands as the fastest route for maritime transport.

These statements come in response to the announcement made by the United States, India, and Saudi Arabia on the sides of the G20 summit on Saturday, regarding the launch of the Economic Corridor project which connects India to the Middle East and Europe through Saudi Arabia, the United Arab Emirates, Jordan, and the Israeli occupation. 

In televised remarks, Mamish stressed that there can be "no comparison between a multimodal project and the Suez Canal, which is the fastest maritime route in the world."

He also denied any potential impacts or repercussions on the canal in the future, stating that "the transportation process through it [the Economic Corridor] would be costly, time-consuming, and against the economics of maritime transport."

Mamish explained that the project involves "transporting goods by sea, then by rail, followed by land transport vehicles before finally unloading on land." He added that this is a "highly costly process with no comparison to the Suez Canal."

In contrast, he explained that the Suez Canal is "capable and prepared to compete since it is the fastest, deepest, and most secure canal in the world. In just 11 hours, we reach the Red Sea and connect to Asia, Europe, and all the world's ports."

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It is worth noting that the Suez Canal is an artificial waterway at sea level in Egypt, running from north to south through the Suez Isthmus to connect the Mediterranean Sea to the Red Sea. It serves as the shortest maritime route between Europe and countries surrounding the Indian Ocean and the western Pacific Ocean, making it one of the busiest shipping lanes globally.

Read more: Biden reveals the ME economic railway to counter BRI

During the G20 summit in New Delhi, US President Joe Biden announced a plan to build a railway and shipping corridor connecting India, the UAE, Saudi Arabia, Jordan, and the European Union, aiming to boost trade and political cooperation.

Biden stated that this deal is "truly significant," noting that the corridor "will help enhance trade, secure energy resources, and improve digital connectivity."

The announcement was also attended by Indian Prime Minister Narendra Modi, European Commission President Ursula von der Leyen, and other leaders from around the world.

According to information released, "Israel will participate in extending the railway tracks, infrastructure, and shipping lines, along with Saudi Arabia, the UAE, and Jordan."

The White House did not however specify when the project would be completed, its cost, or how it would be financed.

Read more: New corridor for India-Russia trade via Iran nearly complete

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