IDSC Marks 8th Anniv. of Inauguration of 2nd Suez Channel Branch

In conjunction with the 8th anniversary of the inauguration of the second branch of the Suez Channel, the cabinet’s Information and Decision Support Centre (IDSC) released a new report highlighting the achievements of the famous international waterway.

IDSC said in its new report that billions of tons of goods transited through the Suez Canal in the 2022-23 fiscal year, bringing in annual revenues of $9.4 billion, the largest in its history.

The center also indicated that the expansion of the canal bed has made it possible to accommodate the mega-container ships that had previously been unable to pass through it.

"Logos Hope, the world’s largest floating library housing more than 800,000 books, crossed the canal in January 2023," the IDSC's report said. 

It further mentioned that the mammoth world-class cruise ship MSC World Europa and the world’s largest and most modern containership Ever Top also made their maiden voyages through the canal in November and December 2022.