Construction works on a multi-billion dollar New Suez Canal project, which will expand the existing Suez Canal, are in full swing.
Head of the Suez Canal Authority Mohab Mamish said that the preparations for the inauguration ceremony of the New Suez Canal are currently underway and the dredging works on the new waterway scheme will be finalized before the deadline.
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.
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.
Included in the project are Boskalis, Van Oord, National Marine Dredging Company (NMDC), Jan de Nul, Great Lakes Dredge & Dock Corporation (GLDD) and Dredging International NV.