Egypt invests Suez Canal revenues in three yacht ports
President Abdel Fattah al-Sisi announced that three yacht ports will be established from the revenues of the Suez Canal, in a bid to stimulate tourism to support the national economy.
Egyptian President Abdel Fattah al-Sisi recently announced that three yacht ports will be established from the revenues of the Suez Canal to support the national economy.
According to the Suez Canal Authority (SCA), the strategic waterway achieved its highest monthly revenue in its history in August, a staggering $745 million. Annual revenue for the 2021/2022 fiscal year was $7 billion.
