One year on, are 'new' Suez Canal revenues sinking?

Although the Suez Canal has not generated the expected revenues after expansion, future development plans in the canal zone could yield great economic benefits for the Egyptian economy.
Egyptian President Abdel Fattah al-Sisi attends during the first anniversary of launching the New Suez Canal and the 60th anniversary of nationalizing the Suez Canal in Ismailia, Egypt August 6, 2016 in this handout picture courtesy of the Egyptian Presidency. The Egyptian Presidency/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY. - RTSLH8M
Egyptian President Abdel Fattah al-Sisi attends the first anniversary of launching the new Suez Canal and the 60th anniversary of nationalizing the Suez Canal in Ismailia, Egypt, Aug. 6, 2016. - Egyptian Presidency/Handout via REUTERS
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CAIRO — Aug. 6 marked the one-year anniversary of the inauguration of the new Suez Canal. While the expansion project was heavily praised in the Egyptian press, serious questions remain about its value a year on.

On Aug. 6, 2015, Egyptian President Abdel Fattah al-Sisi officially inaugurated the new Suez Canal. The announcement was made to a packed audience that included French President Francois Hollande, Russian Prime Minister Dmitry Medvedev and a number of Arab rulers.

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