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Mameesh: Suez Canal attained historical revenues during current year

   Vice admiral/ Mohab Mameesh, head of Suez Canal authority and of Canal economic region general authority, said that the Canal revenues are continually increasing, but some people think that after dredging the new Canal revenues will immediately increase. But the plan that has been set  according to the studies shows that revenues will double by 2023, pointing out that the Canal is totally related with world trade traffic; the more the traffic increases the more revenues increase and vice versa, and this what happened in 2016/2017 ; when China reduced its foreign trade volume.

 Mameesh also added, during a TV interview, that they followed foreign policy attracting traffic and achieved since 2016/ 2017 an increase of 2.5%in number of vessels, 4.5% in tonnage, and 2.2% in dollar revenues with an amount of 114.4% in local currency.

 He also assured fixing of crossing value, not to be exposed to losses; declaring that highest Canal rates  will be in current year 2017.