Economic expert, Mohamed Said said Sunday that Suez Canal axis development project will boost constructions sector and Egypt's economy, al-Bawaba News reported. Said pointed out that Suez Canal axis development project will be carried out by several listed construction companies such as Orascom Construction Industries and Arab Contractors. On August 6, Egypt's President Abdel Fattah Al Sisi inaugurated the new Suez Canal which was praised by a large number of economic and investment experts, describing it as a turning point in Egypt's economy.