The Suez Canal expansion project is expected to be completed in August 2023

Osama Rabie, head of the Suez Canal Authority, revealed, on the sidelines of the Suez Canal International Conference at the Dubai Expo, that the marketing policy succeeded in attracting 4,920 new ships that do not cross the Suez Canal by 2021, increasing revenues by one billion dollars. And $100 million.

The head of the Suez Canal Authority stressed that developing the southern section of the canal through the implementation of frequent expansions, deepening and engineering will improve the navigational safety rate of the southern section by 28% and reduce the sharpness of curves and currents.

On the other hand, the rabbi indicated that the authorities have taken all measures and measures to ensure that the Suez Canal is declared a “green channel” and is working to reduce carbon emissions from transiting ships by offering various incentives to shipping companies that adhere to this. environmental standards. .

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