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Home In Brief

Egypt expects Suez Canal revenue to hit $7B in 2022

by  Reuters and ILH Staff
Published on  01-16-2022 18:30
Last modified: 01-16-2022 17:58
Egypt races to free 'beached' vessel blocking Suez CanalCnes2021, Distribution Airbus DS via AP

This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, March 25, 2021 | File photo: Cnes2021, Distribution Airbus DS via AP

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Egypt's Suez Canal revenues are expected to hit $7 billion in 2022, versus $6.3 billion in 2021, the chairman of the Suez Canal Authority (SCA) said in an interview with Saudi-owned Asharq television on Sunday.

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Earlier on Sunday, Osama Rabie said that a project to expand parts of the Suez Canal was expected to be completed after two years of work in July 2023.

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