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My 1,000
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   ago      ceremony      double      economists      economy      extension      first      future      gift      global      important      months      opening      original      revenue      routes      seas      shipping      waterways      yacht  
Egypt's president attended a to open an of the Suez Canal. The canal, built in 1869, took 10 years to build. The new canal was built in 12 . Experts said it would take five years. The canal joins the Mediterranean and Red . The president sailed up the canal in his to attend the . The same yacht was the ship to sail through the canal a century-and-a-half . The new canal is Egypt's " to the world".

Egypt hopes the canal will boost the . The head of the Suez Canal Authority said it was Egypt earned money from its in the . He said: "If I can't handle this and turn it into for [Egypt], alternative will emerge." He hopes revenue will increase to $13.2 billion by 2023. That means traffic must by 2023. This needs a 9% increase in trade. Some doubt if this will happen.

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