Egypt plans to increase Suez Canal’s revenues by $1bn

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The Suez Canal Authority (SCA) aims to increase the Suez Canal’s revenues by as much as $1bn, Mohab Mamish, the chairperson of SCA informed. During the first year of its operation the canal achieved revenues worth a total of $600m.

Mohab Mamish stated during a seminar on investment in the Suez Canal Economic Zone (SCZone), that in addition to the $600m revenues, approximately 20,000 vessels crossed the canal per year.

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