President El-Sisi directs to continue implementing the Suez Canal development strategy

Mr. President Abdel Fattah El-Sisi met today with Dr. Mostafa Madbouly, Prime Minister, and Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority.
The official spokesperson for the Presidency of the Republic stated that the meeting dealt with “following up on the activities of the Suez Canal Authority.”
The President directed the continuation of the implementation of the Suez Canal development strategy with all its elements in order to enhance its unique position as a waterway on which the global trade movement depends and as one of the tributaries supporting the national economy. Lieutenant General Osama Rabie reviewed the indicators of global navigation traffic in the Suez Canal during the past three years as the number of ships transiting in 2020 reached about 18,830 ships, to rise in 2021 to 20,694 ships and increase during the year 2022 to 23,583 ships which led to the completion of the canal. The record return at the end of last year was nearly $8 billion, an increase of 25% over 2021, due to the digging of the new Suez Canal and the continuous efforts to benefit the stages of the canal’s development strategy, which was reflected in the increase in the outcome of its capacity.
The head of the Suez Canal Authority also presented the authority’s efforts to develop its marine fleet and its multi-use tugboats, some of which are manufactured in partnership with the expertise of the foreign and local private sector in the arsenals of Port Said, the southern Red Sea and Alexandria, as well as reviewing efforts to develop the southern sector of the 40-mile km canal’s navigational course which includes the duplication of the canal and the widening and deepening of its navigational course, in order to improve navigation and international trade passing through the canal.