Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Presidency: New Suez Canal Doubled Annual Revenues, Exceeding $7 Bln

Thu 24 Nov 2022 | 08:14 PM

On Thursday, Egyptian President Abdel Fattah El-Sisi met with Chairman and Managing Director of the Suez Canal Authority (SCA) Admiral Osama Mounier Mohamed Rabie.

The Spokesman for the Egyptian Presidency stated that the meeting discussed the efforts made by the Suez Canal Authority.

In this regard, the President was briefed on navigation rates in the Suez Canal. In this regard, Admiral Osama Rabie confirmed that the new Suez Canal, which was opened in 2015, doubled the annual revenues of the canal which exceed $7 billion.

Moreover, the number of ships transiting the canal increased to reach about 70 vessels per day, contributing to efforts aiming to support the national economy and provide foreign currency.