President Sisi stresses the need to maximize the economic returns of the ports overlooking the navigational course of the Suez Canal
President Abdel Fattah El-Sisi stressed the necessity of maximizing the economic returns of the ports overlooking the Suez Canal’s navigational course, exploiting the strategic location of the canal to increase investments and national income, and promoting the canal region to be a hub for development and a regional logistical and industrial center. His Excellency pointed out the importance of continuing to enhance the private sector’s participation in Relevant investment projects, as an essential element for achieving the desired development.
It came This was during a meeting between President Abdel Fattah El-Sisi, today, Thursday, with Moheb Habashi, Governor of Port Said, Major General Amir Sayed Ahmed, Adviser to the President of the Republic for Urban Planning, Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, Major General Ahmed Al-Azzazi, Head of the Engineering Authority of the Armed Forces, and Dr. Ahmed Hassan, Head of the Center for… Research at the Suez Canal Authority, and Dr. Hassan Abu Saada, Assistant Professor at the Faculty of Engineering at Alexandria University.
The official spokesman for the Presidency stated Ambassador Mohamed El-Shenawy said that President Sisi was briefed – during the meeting – on the efforts made to advance development in the Suez Canal axis, especially in Port Said Governorate, and developments in the implementation of relevant investment and service projects, whether they are under implementation or those planned to be implemented, within the framework of the partnership. And cooperation between the Suez Canal Authority and all concerned parties and institutions, and with the participation of the private sector, which contributes to enhancing the investment environment and enables the private sector to participate effectively in development efforts, and achieve the desired results to improve the standard of living. Citizens.
He added that President Sisi also followed up during the meeting on the efforts made to facilitate transit and connectivity between the two banks of the canal, in a way that serves the development and strategic goals of the canal cities, and ways to raise the efficiency of services were also reviewed. Navigational and maritime services in the canal, through the development of a new set of navigational services, as the President directed to accelerate the pace of work on implementing targeted projects in the Suez Canal region, with a focus on the logistical areas that are important. Large.
The official spokesman explained that the President stressed during the meeting that developing the Suez Canal region and establishing related projects comes within the framework of the state’s efforts and its keenness to improve the standard of living of citizens. As well as to enhance the strategic importance of the Suez Canal in the face of regional challenges that negatively affected international commercial shipping, which led to the state losing more than 60% of Suez Canal revenues during the year 2024, which means Egypt has lost nearly $7 billion in 2024.
