“This achievement underscores Egypt’s success in maintaining sovereignty over this crucial maritime passage,” Rabie informed Xinhua throughout celebrations marking the 69th anniversary of the Suez Canal’s nationalization.
He famous that the Suez Canal has skilled unprecedented improvement since 1956, a degree of progress not seen since its inauguration in 1869.
The chairman famous that the canal’s draft has been expanded from 10 meters to 22 meters. Additionally, he stated, the size of dual-lane sections has elevated from 27.7 km to 99 km.
In 1956, former Egyptian President Gamal Abdel Nasser nationalized the Suez Canal Company, asserting Egypt’s sovereignty over its personal assets and strategic infrastructure.
Meanwhile, Rabie stated that the canal sometimes noticed 75 to 80 ships transiting day by day earlier than the concentrating on of economic vessels within the Bab al-Mandab Strait and the Red Sea by the Yemeni Houthi group.
The quantity, he added, has now decreased to between 30 and 35 ships per day.
Tensions arose within the Red Sea after Yemen’s Houthis group started attacking Israeli-linked ships in November 2023 to show solidarity with Gaza in the course of the Hamas-Israel battle, affecting transit by means of the man-made waterway.
Egyptian President Abdel-Fattah al-Sisi stated in March that the Suez Canal was shedding roughly 800 million {dollars} in income every month as a result of state of affairs within the area.
