Suez Canal Company Suez Canal Company The Universal Maritime Suez Canal Company (, or simply "Compagnie de Suez" for short) was the corporation that constructed the Suez Canal between 1859 and 1869 and operated it until the 1956 Suez Crisis. It was formed by Ferdinand de Lesseps in 1858, and it owned and operated the canal for many years thereafter. Initially, French private investors were the majority of the shareholders, with Egypt also having a significant stake. When Isma'il Pasha became Wāli of Egypt and Sudan in 1863, he refused to adhere to portions of the concessions to the Canal company made by
Suez Crisis of commission, concluding: In the aftermath of the Second World War, Britain was reassessing its role in the region in light of the severe economic constraints and its colonial history. The economic potential of the Middle East, with its vast oil reserves, as well as the Suez Canal's geo-strategic importance against the background of the Cold War, prompted Britain to consolidate and strengthen its position there. The kingdoms of Egypt and Iraq were seen as vital to maintaining strong British influence in the region. Britain's military strength was spread throughout the region, including the vast military complex at Suez with