On the outskirts of the city of Suez stand twin six-foot portraits of Egyptian President Anwar Sadat and Saudi Arabia's King Faisal. The pictures symbolize Egyptian hopes that Arab oil money will finance the reconstruction of the war-ruined Suez Canal Zone and eventually convert it into a thriving agricultural and industrial region. One tangible result of this dream is "King Faisal City," a suburb of 3,000 housing units that is being built behind the portraits. Another is the announcement, expected imminently, that salvage operations in the canal, which has been closed since 1967, have been completed.
Since clearing of the...
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