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بوابة الفجر
Sisi: Egypt's Suez Canal loss $20B
President Abdel Fattah El-Sisi confirmed that Egypt lost around 20 billion dollars in Suez Canal revenues in recent years due to regional instability and its impact on navigation and trade. He called for measures to enhance security and stability. He explained that the economic challenges Egypt has faced since 2020 include the repercussions of the COVID-19 pandemic, the Russia-Ukraine war, and events in the Gaza Strip, all of which have led to a slowdown in economic recovery that could take up to 15 years. He emphasized the importance of effectively utilizing the country's resources and strengthening institutional work to maintain stability, stressing that combating rumors and pressure requires concerted efforts from both institutions and citizens.
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