cairo president abdel fattah al-sisi say saturday egypt next two three years embark 5.60 billion construction project sinai peninsula whose north grip islamist insurgency coast south peninsula pepper red sea tourist resort north sinai province underdevelop lack basic infrastructure job opportunities security force battle islamist militants mainly desert region stretch suez canal eastwards gaza strip israel since 2013. militants kill hundreds police soldier sisi order arm force end insurgency within three months attack mosque north sinai last month kill 300 people bad militant attack egypt modern history entrust ministry house engineer authority national project comprehensive urban plan sisi say ceremony inaugurate development project suez canal city ismailia president say project would cost 100 billion egyptian pound would carry whether remain power provide start date source fund specific detail would build project egypt launch build project sinai sisi