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Mameesh: New Suez Canal revenues will double by 2023

  Vice admiral, Mohab Mameesh, head of Suez Canal Economic authority said that Egypt is a maritime country and has its great maritime status declaring that about 18 thousand vessels pass by it annually and that last year has witnessed crossing of about million ton cargo. 

 Mameesh has also added that international trade is recovering and that New Suez Canal revenues are related to international trade; saying that as soon as work has started at the Canal and its feasibility studies were made, it become obvious that by 2023 revenues will be crystalized and doubled; the revenues will be increased in dollar and volume of cargo will increase also by dollar through the Canal.

 He also declared that the existence of   maritime, industrial and logistic projects in the region will increase the value of Egypt status amongst the world and that also propagating for Egyptian projects abroad will help in attracting investments.