Egypt: Morsi to reinstate Port Said free zone

Published February 19th, 2013 - 07:46 GMT
Egyptian President Mohamed Morsi announced yesterday he is to reinstate the Port Said free zone
Egyptian President Mohamed Morsi announced yesterday he is to reinstate the Port Said free zone

Egyptian President Mohamed Morsi on Monday decided to present a draft law to the Shura Council to restore the free zone to Port Said.

The president also decided to allocate 400 million Egyptian pounds ($60 million) from the Suez Canal revenue to develop the three Canal cities.

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