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Egypt’s Ambassador to Namibia, Mahmoud Fawzy Abou Dounya, who held a small reception at the Egyptian Embassy in Windhoek, said the extension would create “a new canal parallel to the existing Suez Canal and double the waterway to facilitate traffic in two directions”.

Others have suggested Suez Canal may not need an upgrade. Traveling from Singapore to New York through Suez reduces the distance by 19 percent compared with the route via the Pacific and the Panama Canal.

Its early shareholders were mostly French and British, until President Gamal Abdel Nasser nationalised the crossing in 1956.