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Egypt’s Suez Canal generates $27.2bn revenue in 5 yrs

Egypt’s Suez Canal generates $27.2bn revenue in 5 yrs
Suez Canal has achieved revenues of $3.3 billion year-to-date

Cairo – Mubasher: Egypt’s Suez Canal has generated $27.2 billion in revenue for the last five years, the chairman of the Suez Canal Authority (SCA) Osama Rabea said.

About 90,000 vessels have crossed Suez Canal with a net tonnage of 5.5 billion tonnes over the last five years, Rabea added in a statement on Thursday.

Since the beginning of 2020, Suez Canal has achieved revenues of $3.3 billion as around 11,250 vessels have crossed the canal with a total net tonnage of 693 million tonnes, he revealed.

This came during the celebration of the fifth anniversary of the new Suez Canal inauguration.