Rabie further said that the canal has achieved the highest daily revenues on February 5 since Coronavirus outbreak, as it achieved $22.2 million.
The south-bound convoy included 37 ships with a total cargo of 2.8 million tons, while the north-bound convoy included 35 ships carrying 2.5 million tons, he added.
The investment cost of new projects contracted by industrial developers to be carried out in the Ain Sokhna Industrial Zone in 2020 hit dlrs 1.077 billion, the Suez Canal Economic Zone (SCZone) announced.
The cabinet said in a report Friday that it has contacted the Suez Canal Authority, which totally dismissed such reports and stressed that navigation movement in the international waterway is regular and no collision whatsoever has occurred.
In a press release, he added that the authority’s plan also aims at providing more incentives to investors in order to attract them from all over the world.
That is the third highest in the international waterway's history dating back to 1869.
A 48 percent discount on the transit fee of giant crude oil tankers was announced by the Suez Canal Authority Monday.
The diplomat referred to the importance Egypt attaches to exchanging high-level visits between officials of the two sides within the coming period to give an impetus to bilateral cooperation, according to a statement by the Foreign Ministry.
That represents 2.8% of the public investment for the year.
On November 17, 1869, the Suez Canal was opened to global navigation, a day after the legendary opening was attended by a number of the most important personalities in the world, led by Empress Eugenie, Empress of France.
Under Secretary Slavonic met key Egyptian defense officials, including the Commander of the Navy, to discuss U.S. support for Egypt’s efforts to monitor and secure its extensive coastline and combat smuggling, trafficking, and piracy.
They also tackled investment opportunities and challenges facing investors, as well as national projects implemented in the governorate.
The launching ceremony, held at Krimpen shipyard of the Dutch shipbuilder Royal IHC, was attended by the company’s CEO Gerben Eggink and Egyptian Ambassador to the Netherlands Hatem Abdel Gawad.
The HMM ST PETERSBURG was built earlier this year and is sailing under the flag of Panama.
He hailed the projects carried out by the Arab Contractors Company in the Middle East and Africa as well as joint projects topped by Port Said tunnels and the Suez Canal international museum.
New Ismailia's location near the Suez Canal axis gives it a bright future, and the state plans to also establish New Port Said and New Suez, head of Suez Canal Authority Osama Rabie has said.
The valiant army of Egypt was not only content with the victory, crossing the Suez Canal, and storming the impregnable Bar Lev Line, but they also captured dozens of Zionist soldiers.
The state has spent around L.E.180 billion on the development of Sinai over six years, head of the Central Agency for Reconstruction told the Egyptian T.V. Monday.
The swimmers are accompanied by Captain Walaa Hafez, the Guinness World Record champion, to mark the International Day of Peace.
The two sides reviewed the recent developments of cooperation and projects for upgrading the economic zone, said Zaki in a statement issued by SCZone.