The Chairman of the Suez Canal Authority announced in a statement that this year’s revenues hit a record $9.4 billion in the current financial year, which ends on June 30.
Chairman of the Suez Canal Authority, Osama Rabea, added that this year’s record is up from $7 billion in the previous year.
“For the first time in the canal’s history, the authority has achieved revenues of about $9.4 billion,” he told reporters. About 25,887 ships have passed through the canal so far in the current financial year versus 23,800 ships the previous year, according to the authority’s website.
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