Egypt Marks Suez Canal 69th Nationalization Anniversary.. Reaffirms Commitment to Global Supply Chain Sustainability

Osama Rabie, Chairman of the Suez Canal Authority (SCA) reaffirmed the canal’s strategic role in global trade and its commitment to sustainable and secure navigation, as Egypt marks the 69th anniversary of the nationalization of the Suez Canal.

In remarks delivered during a commemorative ceremony, Rabie highlighted the canal’s ongoing adherence to international conventions governing free maritime navigation, while underscoring Egypt’s unwavering sovereignty over the waterway.

“We are committed to upholding our pivotal role in ensuring sustainability across global supply chains, and we operate in accordance with international charters and treaties, without compromising Egyptian sovereignty,” Rabie stated.

The Suez Canal was nationalized on July 26, 1956, a landmark moment in Egypt’s modern history that asserted national control over one of the world’s most vital maritime corridors. Rabie praised the generations of Egyptian leaders and workers who have managed and modernized the canal since that time.

“We salute the pioneers who led the nationalization and laid the foundations of development. We continue their mission with more dedication and achievement,” he said.

The SCA chief noted that canal operations are governed by a robust legal framework, particularly the Navigation Regulations and the 1888 Constantinople Convention, which guarantees freedom of navigation through the canal for all vessels in both peace and wartime.

Under Egypt’s stewardship, the canal has seen continuous upgrades to maintain its status as the shortest, fastest, and safest maritime route between East and West. Rabie pointed to recent development projects that have enhanced the canal’s capacity, navigational safety, and competitiveness.

Rabie also extended his gratitude to all SCA personnel and canal pilots, relaying personal appreciation from President Abdel Fattah el-Sisi. He emphasized the professionalism of the canal’s pilots, describing them as exemplary ambassadors of Egypt.

“Our pilots have consistently risen to the challenge, demonstrating exceptional dedication under all circumstances. Their professionalism ensures the safety and sustainability of navigation through the canal,” he added.

As global shipping continues to face mounting challenges, from geopolitical disruptions to climate-related vulnerabilities, the Suez Canal remains a critical artery for international trade, handling over 12% of global commerce annually.

Egypt's reaffirmation of its commitment to international maritime norms, coupled with continued investment in canal infrastructure, is seen as a signal to global partners that the Suez Canal will remain a reliable, neutral, and efficient trade route in an increasingly complex world.