The Suez Canal Company established in 1858 with 44 % of its shares owned by Egypt, rest owned by French investors. Digging the Canal started in 1859 and ended in 1869, perfectly 10 years’ hard work in a harsh environment with minimum accommodating conditions that resulted in the death of more than 100,000 Egyptians in this decade-long project (See the picture). The commissioning of the Company stated that Egypt provides 4/5 th of the needed Labor necessary to dig the Canal. The main condition signed by both the Egyptian/French owners stated that the Company runs the Canal for 99 years after which the Canal is totally run/owned by the Egyptians. During that century-long functioning of the Canal, Egypt would earn only 15 % of the net profit!!!! As you see, in 1956 Egyptian nationalization of the Canal; there was only 13 years for the full return of the Company to Egyptian ownership.
Nasser offered compensation for the foreign sharers but even this did not please the French/British governments. Both secretly, without consulting the new rising Superpower, USA, decided to attack Egypt to regain full control of the Company. Israel was invited to share in the attack to save as much possible of numbers of French/British infantry needed to land along the 360 Km-long Canal’s course. Then it was the War that both the French/British adversaries won military wise, but failed to harvest that violent success politically.
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