Arab Today, arab today egyptitaly business council prepares study on new canal
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Egypt-Italy business council prepares study on new canal

Arab Today, arab today

Arab Today, arab today Egypt-Italy business council prepares study on new canal

Egypt’s Ambassador here Amr Helmy
Rome - MENA

The Egyptian-Italian Business Council compiled a study on the economic impact of the new Suez Canal on international trade and navigation movement, Egypt’s Ambassador here Amr Helmy said.

The new Egyptian project will boost the Suez Canal’s competitiveness and make it take up 25% of the commercial navigation movement that passes through Panama Canal, an Italian economic expert said.

The new canal will allow the passage of all kinds of cargo ships, including giant oil tankers, encouraging international freight companies to prefer the canal during navigation between Asia and Europe, the expert said.

The study showed that the new canal will increase commercial navigation rates in the Mediterranean Sea, positively reflecting on seaports in Europe, he added.

On 5 August 2014, President Abdel Fattah El Sisi launched the new waterway project, which is being dug alongside the Suez Canal. It is meant to add an extra lane to the Suez Canal, one of the world's most important thoroughfares for trade, in an attempt to increase the number of ships using it each day.

The Suez Canal, which allows ships to travel from Europe to Asia without navigating around Africa, only provides for one-way traffic, with occasional room for ships to pass each other. The new lane will allow ships to travel in both directions.

The new canal will be opened on August 6.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egyptitaly business council prepares study on new canal Arab Today, arab today egyptitaly business council prepares study on new canal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egyptitaly business council prepares study on new canal Arab Today, arab today egyptitaly business council prepares study on new canal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday