Suez Canal Authority (SCA) chief Mohab Mamish yesterday inspected dredging works on the New Suez Canal project.
Mamish hailed efforts exerted by the workers of the project and the progress they made so far.
This development project is designed to enlarge the transit capacity and to increase industrial activity in the area.
Companies from Egypt, UAE, the US, Belgium, and the Netherlands will dredge the new waterway. Included in the project are Boskalis, Van Oord, National Marine Dredging Company (NMDC), Jan de Nul, Great Lakes Dredge & Dock Corporation (GLDD) and Dredging International NV.
New Suez Canal dredging project, one of the largest in recent history, is estimated to be worth around $2.1 billion.
The new canal is scheduled to be opened in August.