Suez canal Tourism Oil/Gas and agriculture exports
Egypt was of strategic importance as it guarded the Suez Canal
If the Suez Canal closes, all shipping traffic going to Europe from the East will have to go around the Southern tip of the African continent. This means all ships will have to pass South Africa on route to Europe or back. South Africa being the most modern country in the Southern part of Africa, all the shipping traffic would mean increased fuel stops, tourism, port expansion, etc. In short, this would spell an economic boom for South Africa.
Egypt was of strategic importance in WW2 because Egypt's Suez Canal was the key reaching the oil fields of the Middle East. Added by VonRidel: In addition, a large portion of the British Empire was located in the Far East. Australia, India, New Zealand, Singapore, New Guinea, Burma, N. Borneo, Somalia, Oceana, and much of E. Africa and islands around Malaya. Men, raw materials, and oil all were supplying the British Empire's war machine through the Suez Canal. If they had to go around the southern tip of Africa, it would have taken several weeks longer to transit in very hazardous seas.
He increased the economic power of the government by nationalizing industries and taking control of foreign -owned businesses, including the Suez Canal. He redistributed land to poor farmers and increased the wages of urban workers Nasser's goal was to expand farm output and end economic dependence on West by developing Egypt's industry.
The Suez Canal was built by the French owned Suez Canal Co.
he Suez Canal was built by a company from which country?
The Suez Canal is an artificial waterway in Egypt. It was built by Egyptians working for the Universal Suez Ship Canal Company.
Great Britain built the canal.
Suez Canal xD
There was a Suez canal in earlier times. It was built in the 7th century. It was built by Amr ibn al-'As.
it was built in 1869 exact date dont know ask someone else
Kourosh the great
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.
To sage time