CAIRO - 8 March 2023: Revenues of Suez Canal reached $8 billion in 2022, aiming to reach $8.6 billion in 2023 with the possibility to hike to $9 billion,according to the Head of the Suez Canal Authority (SCA), Osama Rabie.
Rabie indicated, during a phone call to a TV program, Wednesday, that the strategic plan of the Suez Canal Authority that was presented to President Al-Sisi in 2019 included the development of the shipping lane and the development of the maritime fleet.
He pointed out that work is being done in the navigational stream continuously, as work is being done on 40 kilometers in the south, which is expected to be completed in 2023, which improves maritime traffic in this part by 28 percent.
Head of the SCA added that with regard to the development of the marine fleet, he witnessed the inclusion of two new dredgers, which are the latest in the Middle East, in addition to the inclusion of other new dredgers, noting at the same time that the relationship with customers is good.
On Tuesday, the head of the Suez Canal Authority and the governor of Port Said witnessed the Port Said Shipyard's celebration of the inauguration of a number of new marine units as part of the authority's strategy to modernize and develop its marine fleet.
This comes within the terms of the contract between the Suez Canal Authority and the Chinese Guangzhou Company, which includes the construction of six new locomotives, including 3 in the Chinese arsenal and 3 similar ones in the Port Said naval arsenal, with a length of 32 meters and a width of 12.8 meters.