Egypt's coastal city of Port Said is preparing to welcome the "Kingdom" yacht of Saudi Prince Al Waleed bin Talal, accompanied by 41 of the richest businessmen in the world, to take part in the inauguration of Egypt's new Suez Canal, Al Bawaba News reported on Monday. The businessmen come from different countries, sources told Al Bawaba, adding that the Egyptian authorities raised the security alert to secure the foreign delegations that will participate in the inauguration. President Abdel Fatah Al Sisi will attend the inauguration of the new Suez Canal scheduled to be held on August 6.