Photo Update: Heavy Equipment at New Suez
- Business & Finance
The New Suez Canal project is making progress according to plan, and is scheduled to be delivered next August.
The opening of the new waterway will almost double the Suez Canal capacity and is expected to increase annual revenues to $13.5 billion by 2023.
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.
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.
Today, we are bringing you the latest photos from this capital development project: