Search results for: Egypt

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  • 2 October 2014
    Business & Finance, Equipment, Technology

    Minister of Planning Ashraf al-Arabi said that the successful experiment in funding the New Suez Canal project could be repeated through the initial public offering for other national projects. Al-Arabi pointed out to the success of the initial public offering of the Suez Canal project’s investment certificates. The Egyptians’ confidence in the Suez Canal project […]

  • 9 August 2015
    Business & Finance, Equipment, Technology, Vessels

                    DEME at New Suez Opening On Thursday, 6 August,2015, the Dredging International (75%) and Great Lakes Dredge & Dock Company (25%) consortium participated in the opening festivities of the modernized Suez Canal in Egypt.   VIDEO: New Canal – Icon of the Future Records were broken, vessels […]

  • 3 November 2019
    Business & Finance, Equipment, Technology, Vessels

    Dredging Today brings you an overview of the most popular stories from the past week (October 28 – November 3, 2019).   Launching of TSHD Meuse River Set for November 16 A launching ceremony of the new 7.950m³ trailing suction hopper dredger (TSHD) Meuse River will take place on Saturday, November 16, 2019.   Hansel […]

  • 2 September 2014
    Business & Finance, Equipment, Technology

    Governor of the Central Bank of Egypt (CBE) Hisham Ramez announced on Sunday issuance of investment certificates for the New Suez Canal Project. Ramez said that Cabinet’s economic group has agreed on issuing investment certificates of the New Suez Canal project and that the issue was raised to President Abdel Fattah El Sisi. He expected […]

  • 18 January 2015
    Business & Finance

    The State Information Service (SIS), in cooperation with the Suez Canal Authority, has organized a visit to the New Suez Canal project for reporters of newspapers, mass media and news agencies accredited to Egypt. The delegation was led by SIS Chairman Salah Abdel Sadeq and included the head of the Foreign Press Association and 150 […]

  • 31 March 2015
    Business & Finance

    The New Suez Canal is the name of a new waterway project in Egypt, expanding the existing Suez Canal between the Mediterranean Sea and the Red Sea. 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 […]

  • 26 March 2015
    Business & Finance, Equipment, Technology, Vessels

    The New Suez Canal development scheme is progressing well and is scheduled to be completed this 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 […]

  • 10 October 2014
    Business & Finance, Project & Tenders

    Construction works on a multi-billion dollar new Suez Canal project are in full swing. This giant project will see the creation of a new Suez Canal parallel to the current channel of a total length of 72 kilometers. Workers engaged in the new Suez Canal project are working 24/7 to complete the project within ambitious […]

  • 27 November 2015
    Business & Finance, Equipment, Technology

    At a ceremony held 25th November at the Suez Canal Authority’s (SCA) training center in Ismailia, Vice Admiral Mohab Mamish, the Head of the SCA, formally approved the construction of a new 9.5 km long, 17 meter deep and 250 meter wide access channel to Port Said East. At present, due to convoy traffic on […]

  • 3 August 2015
    Business & Finance, Equipment, Technology

    National Marine Dredging Company (NMDC) has just released this very interesting video about the New Suez Canal development project. NMDC, together with other members of the ‪Challenge Consortium‬ (Jan De Nul‬, Boskalis and Van Oord), recently announced the completion of construction works on the new waterway, which involved dredging of 35 km of a new waterway […]

  • 12 December 2014
    Business & Finance, Equipment, Technology, Vessels

    The New Suez Canal dredging project is progressing very well. Suez Canal Authority (SCA) chief Mohab Mamish recently 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, […]

  • 1 September 2014
    Business & Finance, Equipment, Technology

    Major General Kamel al-Waziri, chief of the Engineering Authority of the Armed Forces, said that the New Suez Canal dredging program will start today. Waziri added that dredgers will enter into the site of the New Suez Canal to begin the second stage of digging in parallel with the dry digging. On August 5, President Abdel […]

  • 27 July 2015
    Business & Finance, Project & Tenders

    National Marine Dredging Company (NMDC), together with other members of the ‪Challenge Consortium‬ (Jan De Nul‬, Boskalis and Van Oord), has announced the completion of the New Suez Canal project following its successful trial run on Saturday, July 25. A total of six container ships from around the world navigated the canal as part of […]

  • 14 May 2019
    Business & Finance, Equipment, Technology, Vessels

    Radio Holland Netherlands booked an order recently to deliver a NavCom package to two cutter suction dredgers, built by Royal IHC. The vessels will have an overall length of 147.4 meters and provide a maximum dredging depth of 35 meters. In addition, they will offer accommodation facilities for 73 people. Equipped with one submerged – […]

  • 2 February 2015
    Business & Finance

    Egypt launched the New Suez Canal project in August 2014. The construction was ordered by Egyptian President Abdel-Fattah al-Sisi to be completed in one year. The contract includes the construction of the parallel section of the canal with a length of approximately 50 kilometers to allow ships to simultaneously transit in two directions as well […]

  • 7 August 2014
    Business & Finance, Equipment, Technology

    President Abdel Fatah Al Sisi said on Tuesday that Egyptian national companies that will be assigned with the Suez Canal development project will be working under the direct supervision of the Armed Forces. Sisi added that national security considerations were kept in mind while undertaking this project. He added that Egyptians are sensitive over financing […]

  • 14 August 2014
    Business & Finance, Equipment, Technology

    Chairman of the Suez Canal Authority (SCA) and head of the executive council of the Suez Canal Corridor Project Mohab Mamish said that the name of the consortium that wins drawing up the Suez Canal Corridor Project’s blueprint would be announced within this week. He pointed out that the measures to choose that consortium were […]

  • 26 February 2013
    Business & Finance

    Prime Minister Hisham Qandil held a meeting with Minister of Agriculture Salah Abdul Momin and leaders of the Ministries of Agriculture and Irrigation on 23/2/2013. During the meeting, they discussed a land reclamation plan proposed by the Agriculture Ministry. The plan includes methods and rules in order to achieve the objectives of the government’s plan […]

  • 6 March 2015
    Business & Finance, Equipment, Technology, Vessels

    The New Suez Canal is the name of a new waterway project in Egypt, expanding the existing Suez Canal between the Mediterranean Sea and the Red Sea. 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 […]

  • 29 November 2018
    Business & Finance, Equipment, Technology

    The International Association of Dredging Companies (IADC) has just released a couple of very interesting photos from the ‘Widening and Deepening of the Suez Canal in the 1970s’ project.  The first modern initiatives to improve the Suez Canal occurred in the 1950s. These improvements were followed by the largest widening and deepening works from 1975 […]

  • 8 December 2014
    Business & Finance, Equipment, Technology

    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, […]

  • 16 February 2015
    Business & Finance, Vessels

    The New Suez Canal is the name of a new waterway project in Egypt, expanding the existing Suez Canal between the Mediterranean Sea and the Red Sea. 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 […]

  • 3 August 2015
    Business & Finance

    Egypt will inaugurate this week a major expansion of the Suez Canal, completed in a third of the originally estimated time. This expansion program adds 35 kilometers of new channels, in addition to 37 kilometers of existing waterways that were dredged to allow larger vessels to pass. The Suez Canal Authority stated that 258 million […]

  • 30 April 2015
    Business & Finance, Equipment, Technology, Vessels

    The New Suez Canal development program is nearing its completion and the preparations for the inauguration ceremony of the new waterway are currently underway. 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 […]

  • 16 April 2018
    Business & Finance, Project & Tenders, Vessels

    In the presence of Admiral Mohab Mamish H.E Mohammed Al Qamzi and the leaders of the Egyptian and UAE governments, National Marine Dredging Company (NMDC) has officially commissioned the 6,000m³ custom-built trailing suction hopper dredger (TSHD) Arzana. According to NMDC, the ceremony was held on April 12th to inaugurate the Egyptian Emirates Marine Dredging Company […]

  • 17 June 2015
    Business & Finance, Project & Tenders, Vessels

    Jan De Nul Group, expert in dredging and marine construction activities, has just released a photo of its cutter suction dredger (CSD) Zheng He working in the New Suez Canal, Egypt. According to Jan De Nul, CSD Zheng He is the record-holder in dredging volume. She dredged 20 million m³ since the start of the project. Her sister vessels CSD […]