Picture of the Day: New Suez Nearing Completion
- Business & Finance
The Non-Governmental Organization (NGO), Dredging Suez Canal, has posted on its official facebook page this very interesting photo from the New Suez Canal dredging program.
Head of the Suez Canal Authority Mohab Mamish recently said that the dredging works on the new waterway scheme will be finalized in July 2015, one month before the deadline. At the moment, 37 dredging vessels are involved in the project.
Some of the world’s top dredging companies are taking part in this capital project which is designed to enlarge the transit capacity and to increase industrial activity in the area.
This major expansion scheme 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.