Photo Update: Progress on New Suez Canal
- Business & Finance
The Non-Governmental Organization (NGO), Dredging Suez Canal, has posted on its official facebook page the latest photos of the New Suez Canal dredging program.
The project was launched by the Chairman of the Suez Canal Authority Mohab Mamish in the presence of Egyptian President Abdel Fattah el-Sisi on 5 August 2014. The New Suez Canal dredging scheme, one of the largest in recent history, is estimated to be worth over $2 billion.
This program is part of the Suez Canal mega project, which includes the development of several seaports in the three governorates bordering the canal, Suez, Ismailia and Port Said, in addition to a seaport in the South Sinai city of Nuweiba and the development of Sharm Al-Sheikh airport.