Suez Canal sales in Egypt for the first ten months of the 2017-2018 fiscal year ending in June reached about $ 5.1 billion, Finance Minister Amr El Garhy reported on Sunday. the Egyptian MENA news agency.
Garhy did not provide comparative figures, but said he expects revenues for the entire 2017-18 fiscal year to be about $ 5.6 billion, an increase of 14 percent compared to the previous year, according to the MENA.
According to data from the central bank, the Suez Canal in Egypt generated $ 4.95 billion in revenue in the 2016-17 fiscal year.
Egypt said earlier that an expansion of the $ 8 billion military-led channel in 2015 would increase channel revenues to $ 13 billion by 2023 and a sprawling economic zone along the way. of the canal would represent about one-third of the economy.
Flagship project of President Abdel Fattah Al Sissi, the expansion of the Suez Canal is supported by the main allies of Egypt.