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Rabea: Sisi's backing drives Suez Canal growth
The article by the Chairman of the Suez Canal Authority, Osama Rabei, focused on supporting President Abdel Fattah El-Sisi, who played a key role in implementing the Suez Canal development projects and enhancing its efficiency. He explained that the authority began its development journey from the moment of its nationalization, successfully upgrading its industrial and maritime capabilities by locally manufacturing and exporting tugboats. As a result, the number of transiting ships increased by 25%, and canal revenues rose by 36% in July. He also noted that the canal is currently affected by regional tensions, but their impact on maritime traffic has begun to decline, with ongoing implementation of development plans to improve efficiency and boost global competitiveness.
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