Egypt creates independent fund for Suez Canal
Egypt has established a new fund for the Suez Canal manage its own revenues independently.
CAIRO — Egypt has established a special fund to manage and make use of the Suez Canal's revenues, amending Law No. 30 of 1975 to do so.
The amended law, approved on July 20, established the Suez Canal Authority Fund, an independent legal entity headquartered in Ismailia governorate.
