President Abdel Fattah Al-Sisi directed the continuation of the strategy to develop the Suez Canal, its waterway, and all its facilities and infrastructure.
This is with the aim of continuing its distinguished performance, which is recognized internationally for its efficiency and capability, in light of its unique position in the level of navigation and world trade.
AL-Sisi made the remarks during a meeting on Tuesday with Prime Minister Mostafa Madbouly, Suez Canal Authority chief General Osama Rabie, Presidential Advisor for Urban Planning Amir Said Ahmed, and Chairperson of South Red Sea Arsenal Company Mustafa Dougechi.
Presidential Spokesperson Counselor Ahmed Fahmy said that President Al-Sisi was briefed on the movement of navigation in the Suez Canal during the first quarter of this year.
The statistics showed an increase in the number of ships passing through the Canal, by about 20%, compared to the same period last year, and an increase in revenues to record about $2.3bn, an increase of about 35% from last year, with the Canal also recording the highest daily transit rate in its history, on 13 March, of 107 ships, with a tonnage of 6.3 million tonnes.
The team also discussed projects to develop the Suez Canal waterway, SCA’s efforts to modernize its fleet, including dredging locomotives and craters, in light of its pivotal role in securing the waterway and assisting vessels passing through the canal.
The meeting also reviewed ongoing efforts to localize the modern fishing boat and boat industry in Egypt, with the aim of increasing the production of fishing in the Egyptian coasts and lakes.
It also touched upon the path of activating yacht tourism and developing its ports and providing them with the necessary services, the official spokesman added.
In this context, President Al-Sisi directed that the obstacles and challenges facing the development of this important sector be overcome in all aspects, in order to realize the importance of optimal investment in the natural advantages enjoyed by Egypt in light of its unique unique geographical location on the Mediterranean and the Red Sea.