Port Said Will Be A Free Zone again

This is great ,seriously great
The Free Zone system in Port Said will be extended for another 3 years not even one year as it was announced earlier.
This is an official Presidential decree issued by Mubarak today on the same day of the Port Said National day
This is a great news for the people of Port Said.You should know that Mubarak or rather his son’s businessmen friends wanted to invest in some projects that would destroy Port Said economically.They decided for some time now to cancel the free zone in Port Said in which the Governorate depends upon economically.
I am very happy , this is good for the people of Port Said.
By the way Mubarak does not do this because of the Port Said people or his popularity,he took this decision because his advisers knew that the economic situation in Egypt especially after the financial crisis won’t allow for new risky projects. We are entering a recession period and everybody knows it.
Last week he formed a special crisis committee to follow the financial situation and the Suez Canal situation. This week the minister of trade warned the merchants and traders in Egypt that they should lower the prices otherwise they would suffer in the end.
Anyhow mabrook for the Port Said people ,it is another victory for the brave city :)

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