Head of the Suez Canal Authority Mohab Memish speaks during a news conference in Ismailia, a city on the banks of the canal in north west Egypt, August 19, 2014. Egypt announced on Tuesday it had ... more 
Head of the Suez Canal Authority Mohab Memish speaks during a news conference in Ismailia, a city on the banks of the canal in north west Egypt, August 19, 2014. Egypt announced on Tuesday it had chosen a consortium that includes the Egyptian army and Bahrain-registered engineering firm Dar al-Handasah Shair and Partners to develop an industrial and logistics hub in the Suez Canal area. REUTERS/Al Youm Al Saabi Newspaper (EGYPT - Tags: POLITICS BUSINESS) EGYPT OUT. NO COMMERCIAL OR EDITORIAL SALES IN EGYPT less 
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Reuters | Photo By AL YOUM AL SAABI / REUTERS
Tue, Aug 19, 2014 9:31 AM EDT