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Mameesh: 25 milliard dollar investments and 161 project at Canal Zone.

   Vice admiral/ Mohab Mameesh, head of Suez Canal Economic Zone said that total investments at Suez Canal Economic Zone has reached 25 milliard dollars,  whereas SC current year revenues have reached 6 milliard dollars, due to increase in vessels’ traffic rates  and this is considered the highest ever.

 He continued saying that there are 161 projects to be executed at the Zone and that there are an expected increase in profit next year.  

 He also added that currently work is ongoing for the development of Sukhna Zone so as to become the Zone’s northern pole.  And pointing out to the inauguration of 4 new tunnels during Sinai liberation anniversary and also 5 floating bridges, and continued that there have also been 12 communication units with the Zone; through floating bridges and tunnels that will allow for crossing within minutes. And here declared that products at the past were transported to Sinai through ferries, which were slow, because development at Sinai were negligent for a long period of time and currently is ongoing its development.