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Suez Canal’s revenues rise 40.4% in 2019

Sunday 09/June/2019 - 07:15 PM
Sada El Balad
Edited by: Mohamed Emad

Suez Canal’s transfers to Egypt’s public budget has reached its highest level ever. The canal’s transfer recorded 72.2 billion pounds during the financial year 20182019، according to the Ministry of Finance، Amwal Al-Ghad reported.

Suez Canal’s revenue went up 40.4 percent to 104.2 billion pounds during the financial year 20182019 from 74.2 billion pounds in the year-ago period، the ministry’s data showed.

The amount was transferred to the public budget after covering operating، maintenance، and expansions of the Suez Canal، the ministry added in a statement.



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