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الوطن
Osama Rabei: Suez Canal Boosts Traffic and Revenue
The head of the Suez Canal Authority, Osama Rabei, confirmed that the Suez Canal expansion project succeeded in addressing the challenges faced by the old canal, including reducing transit times for ships and increasing the number of vessels passing through. The daily number of ships rose from 42 to 100 after the implementation. He also explained that the transit time decreased from 22 hours to 11 hours, enabling giant ships to pass more quickly and at a lower cost. This contributed to doubling the canal's revenues from approximately $4.8 billion before the expansion to $10.2 billion in 2023. With the development of the canal, the capacity to accommodate super-sized ships increased, along with improvements in navigation capabilities and safety. He emphasized that the canal’s importance extends globally as a vital shipping route for transporting goods.
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