El-Sisi directs to push pace of Suez Canal development strategy

El-Sisi directs to push pace of Suez Canal development strategy

President Abdel Fattah El-Sisi ordered the government to proceed with the implementation of the development strategy of the Suez Canal, according to a statement by the Egyptian presidency on January 2nd.

The strategy aims at enhancing the canal’s unique position as a waterway on which the global trade movement depends, and as one of the tributaries supporting the national economy.

This came during a meeting headed by El Sisi in the presence of Prime Minister Mostafa Madbouly and Chairman of the Suez Canal Authority (SCA) Osama Rabie.

Rabie said that the number of ships transiting the canal in 2020 reached about 18,830 ships, increasing in 2021 to 20,694 ships, and totaling around 23,583 ships in 2022 with record revenue of $8 billion.

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