Egypt denies plans to sell the Suez Canal for $1 trillion

The Egyptian government has categorically denied rumors suggesting plans to sell the Suez Canal for one trillion dollars. In a statement released on its Facebook page on Saturday, the Egyptian Cabinet’s Presidency clarified that the circulating audio clip alleging the government’s intention to sell the Suez Canal was baseless. The Media Center of the Cabinet reached out to the Suez Canal Authority, which also refuted these claims.

The statement emphasized that there is no truth to the rumors of the government’s intention to sell the Suez Canal for one trillion dollars. It described the circulated audio clip as fabricated, with false information that bears no relation to reality. The government firmly stated that the Suez Canal would remain wholly owned by the Egyptian state, under its sovereignty, including its management, operation, or maintenance. Furthermore, it assured that the entire staff of the Canal Authority, including employees, technicians, and administrators, would continue to be Egyptian citizens.

The statement also highlighted the constitutional protection of the Suez Canal, referencing Article 43 of the Egyptian Constitution. This article commits the state to protect, develop, and maintain the Suez Canal as an international waterway owned by Egypt and to develop the Canal area as a distinctive economic center. The government urged citizens not to be swayed by such falsehoods and to seek information from reliable sources.

The government appealed to all media outlets and social media users to exercise accuracy in their publications and to disregard news from unidentified sources, emphasizing the importance of responsible journalism and informed public discourse.

To follow the news in Arabic