Egypt unveils Suez Canal extension with pomp-filled ceremony

ISMAILIA, Egypt -- In a defining moment of his young presidency, Egypt's Abdel-Fattah el-Sissi presided Thursday over the unveiling of a major extension of the Suez Canal he hailed as a historic feat needed to revive the country's ailing economy after years of unrest.

Upbeat and clearly relishing the pomp-filled occasion, el-Sissi nevertheless conceded the $8.5 billion project will not bring a quick economic windfall to a country roiled by violence and unrest since 2011. Its completion, he said, was the first of a 1,000-step journey Egyptians must take toward economic recovery.

"Egyptians have made a huge effort so as to give humanity this gift for development and construction," el-Sissi said, his words interrupted at times by the horns of container ships using the new extension -- a sound that brought a smile to his face and cheers from those in attendance

The magnitude of the project, its completion on schedule 13 months into his presidency and the large high-level foreign representation at its unveiling were likely to bolster el-Sissi's already high standing among many Egyptians -- pushing aside, at least for a time, his reputation as an authoritarian leader with little regard for human rights or liberties.

Playing into his hands is a clear shift by many Egyptians away from the need for democratic freedoms and toward economic survival as a top priority -- not surprising in a country where nearly half the population is below or hovering just above the poverty line.

Wearing his ceremonial military uniform and trademark dark sunglasses on a sweltering August day, el-Sissi flew to the site aboard a military helicopter and immediately boarded the same monarchy-era yacht dignitaries sailed on during the canal's inauguration in 1869.

The vessel, bedecked in Egyptian and foreign flags, was flanked by navy warships as helicopters, fighter jets and military transport aircraft screamed overhead.

But Thursday's festivities partially were overshadowed by an Islamic State group affiliate's threat to kill a Croatian hostage kidnapped in Cairo last month -- a grim reminder of the threat posed by Islamic militants battling the Egyptian government.