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Egyptian media figure Ahmed Moussa revealed on Friday that the Suez Canal‘s revenues have increased by 30% compared to the same period last year, reaching $2.5 billion.
Moussa, speaking on his programme “On My Obligation” on Sada El Balad channel, attributed the increase to a rise in the number of ships transiting the canal and improved efficiency in operations. He highlighted the canal’s continued importance as a vital global trade route.
“The suez Canal is performing exceptionally well, and these figures demonstrate its resilience and strategic value,” Moussa stated, according to Youm7. He also noted the ongoing growth projects aimed at increasing the canal’s capacity and attracting more traffic.
The Suez Canal Authority has been actively working to enhance the canal’s infrastructure, including widening and deepening sections, to accommodate larger vessels. These efforts are intended to maintain the canal’s competitive edge in the face of alternative shipping routes.
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