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Suez Canal targets revenues worth $6.1B in FY2019-2020

Tuesday, 18 June 2019 | 12:00

The Suez Canal Authority (SCA) targets revenues worth $6.1 billion in FY2019-2020 against $5.8 billion in the current fiscal year, as indicated in its plan submitted to the House of Representatives.

The net load estimated to be carried through the Canal during the fiscal year that will start on July 1 is 1,182 tons. The number of ships that are expected to use the international waterway is 18,200 compared to 18,000 ships this year.

On the other hand, the authority contemplates attracting investments worth LE9.6 billion ($574 billion) in SCzone in the new fiscal year.
Source: Egypt Today

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