$2.3 billion.. Suez Canal revenues increased

Increase in the number of ships passing through the canal, by about 20%, compared to the same period last year, and an increase in revenues to record about $ 2.3 billion, an increase of about 35% over last year.

$2.3 billion.. Suez Canal revenues increased
Suez Canal

Suez Canal revenues jumped by 35 % in the first quarter of this year, to reach $2.3 billion, according to a statement from the Egyptian Presidency.

Counselor Ahmed Fahmy, the official spokesperson for the Presidency of the Republic, stated that the president had seen a statement of the navigation traffic in the Suez Canal, during the first quarter of this year.

$ 2.3 billion

The statement showed an increase in the number of ships passing through the canal, by about 20%, compared to the same period last year, and an increase in revenues to record about $ 2.3 billion, an increase of about 35% over last year.

The canal also recording the highest daily crossing rate in its history, on March 13th, with 107 ships, with a tonnage of 6.3 million tons.

projects for developing

  General Osama Rabie presented the axes and projects for developing the navigational course of the Suez Canal, in addition to the Authority's efforts to modernize its marine fleet, including tugs and dredgers, in light of the pivotal role of its role in securing the navigational course and assisting ships transiting the canal.

Developing the Suez Canal

In this regard, the President directed to continue implementing the strategy for developing the Suez Canal, its navigational course and all its facilities and infrastructure.

The goal is to continue its distinguished performance, which is internationally recognized for its efficiency and ability, in light of its unique position at the level of global navigation and trade.

This came during a meeting president Abdel-Fattah El-Sisi met today with Dr. Mostafa Madbouly, Prime Minister, Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, Major General Amir Sayed Ahmed, Advisor to the President of the Republic for Urban Planning, and Mustafa El-Dogishy, Chairman of the Board of Directors of the Southern Red Sea Arsenal Company.

Green industry support

On a related level, Dr. Yasmine Fouad, Minister of Environment, signed a cooperation protocol between the Ministry of Environment represented by the Industrial Pollution Control Program and Sustainable Green Industry at the Environmental Affairs Agency, and the General Authority for the Suez Canal Economic Zone.

The protocol aims to achieve joint cooperation in the field of supporting and developing the Egyptian industry in its various sectors.