Suez Canal targets revenues worth $6.1B in FY2019-2020


Sat, 15 Jun 2019 - 11:47 GMT

A ship transiting through the Suez Canal - Photo courtesy of SCA

A ship transiting through the Suez Canal - Photo courtesy of SCA

CAIRO - 15 June 2019: The Suez Canal Authority (SCA) targets revenues worth $6.1 billion in FY2019-2020 against $5.8 billion in the current fiscal year, as indicated in its plan submitted to the House of Representatives.

The net load estimated to be carried through the Canal during the fiscal year that will start on July 1 is 1,182 tons. The number of ships that are expected to use the international waterway is 18,200 compared to 18,000 ships this year.

On the other hand, the authority contemplates attracting investments worth LE9.6 billion ($574 billion) in SCzone in the new fiscal year.

SCzone houses 167 enterprises: chairman

CAIRO - 1 June 2019: SCzone houses 167 enterprises, Chairman of the Suez Canal Authority Mohab Mamish stated on Friday, according to Daily News Egypt. TEDA Chinese Industrial city received 13.5 square kilometers southern the canal in 2015. Chinese investors finished the infrastructure, and established 65 logistic entities and 33 industrial entities including Jushi, the largest fiberglass factory in the world.



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