New Canal Launching Approaches

Business & Finance

About 230.307 million cubic meters of water-saturated sand has been dredged so far as part of the Suez Canal Development Project, said Mohab Mamish, the Head of the Suez Canal Authority, two days ago.

The figure represents 89.27 per cent of the targeted 258 million cubic meters.

Wagdy Zaky, the dredging operations executive director, said that around 38 dredgers are currently involved in the project.

Authorities also plan to build an industrial and logistical zone along the Canal over the next five years. The opening of the New Suez Canal will take place on August 6.