answersLogoWhite

0

Because Great Britain owned a lot of it, which it lost with the nationalisation

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What did Nasser nationalize?

Colonel Nasser of Egypt nationalised the Suez canal, much to the disapproval of Britain & France.


What was the Suez war about?

The Suez Crisis took place when the nation of Egypt decided to nationalize the Suez Canal. Israel and Great Britain attacked Egypt because of it.


When did Egypt seize the Suez Canal?

Gamal Abdel Nasser, President of Egypt, decided on July 26, 1956 to nationalize the Suez Canal.


What company was the Suez Canal was built by?

he Suez Canal was built by a company from which country?


Suez Canal was made by which country?

Britain


Who controls the Suez canal?

Egypt owned it for a short time, and then Britain took control of it.


Who found Suez canal?

Egypt originally owned the Suez Canal and sold it to great Britain to pay off debts


Which nation purchased the Suez canal in 1875 and later made Egypt a protectorate?

In 1875, Egypt found itself in debt. As a result it chose to sell its shares of the Suez Canal to Great Britain. The Suez Canal is strategic for trade and defense purposes.


What canal did Israel Great Britain and France fight for?

The Suez Canal in 1956


How was the Suez Canal used?

The Suez Canal is and was used to for transportation of goods/supplies and people. When the Suez Canal was built, it was meant for transporting goods from South Asia to Europe. The Suez Canal was originally built by the French, but Great Britain bought it from them when it was completed and the canal became an important foothold in WWI and WWII.


Who has control of the Suez canal?

Egypt owns and has complete control of the Suez Canal. The canal is totally located in Egypt.


Who has shares in the Suez canal?

Great Britain ~Rhett Miller