The French Chamber of Commerce in Egypt congratulated the Egyptian people and leadership on the inauguration of the New Suez Canal.

In a statement Tuesday, the Chamber said French President Francois Hollande's presence as a guest of honor was a clear indication of confidence in the future of Egypt.

It also reflected the readiness of France to assist Egypt in the various projects aiming to achieve sustainable development and economic growth, according to the statement.

In the meantime, the Chamber affirmed its commitment to enhance Egyptian-French trade relations and readiness to provide expertise and services with the aim of paving the way for development efforts in the Suez Canal area.

Within this context, the Chamber referred to President Abdel Fattah El Sisi's note that the new waterway was only a starting point in a plan to render the Suez Canal region a world hub for industries, transportation, tourism and related services.