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صدى البلد
Madbouly aims to boost Suez Canal revenue to 10B
Mustafa Madbouly's statements clarify that the Suez Canal's revenues declined from about $10 billion before the Gaza war to $3.3 billion last year due to disruptions in traffic, then rose to $4.4 billion, with expectations of improvement in the coming period as stability is restored. He also confirmed that the government is working on developing and expanding the southern sector of the canal to enhance Egypt's position as a regional transit hub. Additionally, remittances from Egyptians working abroad exceeded $47 billion in the last financial year, making them one of the country's most important sources of foreign currency.
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