President El-Sisi Follows-up on the Activities of the Suez Canal Authority

President Abdel Fattah El-Sisi met with Prime Minister, Dr. Mostafa Madbouly, and Chairman of the Suez Canal Authority (SCA), Admiral Osama Rabie.

The Spokesman for the Presidency said the meeting followed-up on the activities of the Suez Canal Authority.

President El-Sisi gave directives to proceed with the implementation of the development strategy of the Suez Canal, in order to consolidate its unparalleled position as a waterway on which the world trade movement depends, and as one of the supportive factors of the national economy.

Admiral Rabie briefed the President on the indicators of global navigation traffic in the Suez Canal during the past three years. He reported that the number of ships transiting in 2020 reached about 18,830 ships, increasing in 2021 to 20,694 ships, and totaling around 23,583 ships in 2022. This resulted in record return for the canal by the end of last year with about $8 billion, an increase of 25% over 2021. This is due to the digging of the new Suez Canal and ongoing efforts to continue the stages of the canal’s development strategy, which reflected on an increase in its total capacity.