Egypt’s Suez Canal generates $15m daily- Official

International maritime traffic has hit record high at the Suez Cana in Egypt, generating about $15 million daily for the prosperous North African country in recent months.

Mr Gorge Safwat, Spokesman for the Suez Canal Authority (SCA), made the disclosure on Thursday, while hosting 27 top journalists from sub-Saharan Africa at the headquarters of the company in Ismailia District, northeast of Cairo.

Suez Canal stretches from Port Said on the Mediterranean Sea to the city of Suez on the north eastern shores of the Gulf of Suez, separating Egypt from the Sinai Peninsula.

He said that the canal, the longest man-made in the world, had recorded increased revenue, generating about $5.61 billion in 2020, due to determination and doggedness of Egyptians.

THE  authorities of the SCA took the visiting journalists on a boat cruise on the old and new canals built by the government.

The journalists noticed the intense maritime activity taking place round the hour on the canal, helping to boost the prosperity of the North African country.

Egypt, which is currently one of Africa’s biggest economies, has embarked on various developmental projects, to sustain its position as pacesetter in both the Arab world and sub-Saharan Africa.

The rich North African country has a population of about 106 million people, making it the third largest country in Africa.