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Supervisor
Elham AbolFateh

Egypt

Suez Canal achieves $ 2.8 bln revenues within 6 months: Planning minister

Wednesday 14/February/2018 - 01:56 PM
Sada El Balad
Sada ElBalad-Nada Moustafa
Planning minister، Dr. Hala Saeed said on Wednesday that Suez Canal witnessed an increase in the number of transiting vessels by 64%.

In a press conference، Al-Saeed added that the cargo of transiting vessels in the Suez Canal increased by 9.5%، which reflected positively on the revenues.

Moreover، she pointed out that The Suez Canal achieved in the first half of the current fiscal year $2.8 billion revenues compared to $ 2.5 billion in the same period last year.

Noteworthy، The Suez Canal is one of the most important waterways in the world.

The canal is extensively used by modern ships، as it is the fastest crossing from the Atlantic Ocean to the Indian Ocean.

Tolls paid by the vessels represent an important source of income for the Egyptian government.

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