Photo Update: Dredging Work on New Suez Canal
- Business & Finance
The New Suez Canal dredging scheme is moving forward.
This capital project, estimated to be worth over $2.1 billion, was inaugurated by the Chairman of the Suez Canal Authority Mohab Mamish in the presence of Egyptian President Abdel Fattah el-Sisi on August 5th 2014.
Some of the world’s top dredging companies are taking part in this capital project that is designed to enlarge the transit capacity and to increase industrial activity in the area.
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.
Dredging Today Staff