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.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.
