ArabFinance: Egypt’s President Abdel Fattah el Sisi directed develop the Suez Canal, in line with the progress of the global trade movement, according to a recent statement by the Suez Canal Authority (SCA).
The authority started dredging work to expand the New Canal and the southern stretch of the waterway.
The expansion will add a 10 kilometers extension to the New Suez Canal, as well as widening and deepening the canal’s southern stretch.
The expansions will allow more vessels to pass through the canal and are designed to ensure that we don’t see a repeat of the Ever Given crisis.
On May 11th, el Sisi opened a number projects belonging to the SCA, including the first phase of the Port Said water station, as well as the inauguration of pension housing units for SCA employees.
He also witnessed the opening of the new headquarters for the Tunnels and Bridges Department in New Ismailia.
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