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.
Suez yacht
The French luxury boat Le Ponant cruises on April 21, 2008, in the Suez Canal towards the Mediterranean Sea near the city of Ismailia, northeast of Cairo. - AFP via Getty Images
MohammadHanafi.jpeg
Mohammad Hanafi
@mohamedhanfy4

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.

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