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· . Dr. Hala el Said Minister of Planning and Economic Development said Suez Canal investments for 2020-21 plan is estimated at EGP 16.9 billion to carry out upgrading and expansion projected ventures despite the fallout of the current pandemic.
· . Canal; being a vital world trade route and 25% of world container trade movement, as 8.3% out of the total volume of world trade transits the canal
Dr. Hala el Said Minister of Planning and Economic Development said Suez Canal investments for 2020-21 plan is estimated at EGP 16.9 billion to carry out upgrading and expansion projected ventures despite the fallout of the current pandemic.
In a Ministry of Planning and Economic Development report outlining Suez Canal future investment plan for 2020-21, the minister highlighted the importance of the canal; being a vital world trade route encompassing 25% of world container trade movement, as 8.3% out of the total volume of world trade transits the canal.
The minister further referred to the waterway’s role as the main source for generating inflow of foreign currency into the country.
