24 Hrs
Source:
بوابة الفجر
Osama Rabei team affirms Suez Canal's role in supply security
Osama Rabei, Chairman of the Suez Canal Authority, affirmed that the canal has proven its efficiency in securing global supply chains despite international and regional challenges. It has emerged as a key element in global trade movement, with August witnessing the transit of 1,358 ships carrying a net cargo of 68.3 million tons and generating revenues of $567.1 million. This represents a 27% increase in the number of ships, 51.1% in cargo volumes, and 56.7% in revenues compared to last year. He explained that the canal relies on flexible policies and strategies aimed at transforming it into a major economic entity through the localization of maritime industry and the development of services, along with strengthening international partnerships and providing integrated services such as shipbuilding, repair, and refueling. He also highlighted efforts to develop Arab and African ports, including the re-opening of the Sirt port and the development of the Saudi Ras Al-Khair port, reflecting the canal's pivotal role in supporting and sustainably securing supply chains.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)