Egypt to increase Suez Canal's revenues by 5.6% in 21/22

Egypt’s 2021/2022 plan aims to increase the revenues of the Suez Canal by 5.6 percent, according to Minister of Planning and Economic Development Hala El-Said.

El-Said explained that the revenues of the Suez Canal will thus rise from LE 93.9 billion in 20-2021 to LE 99.3 billion in the year of the plan, exceeding the output achieved before the outbreak of the Corona pandemic in 18/2019.

This came in a statement by El-Said on the occasion of the announcement by the Ministry of Planning and Economic Development of the Suez Canal development strategy with the plan for the current fiscal year 21/2022, which is the fourth year of the medium-term plan for sustainable development (18/2019-21/2022).