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ISMAILIA, Egypt, Sept 23, 2018 (MENA) - Chairman of the Suez Canal Authority (SCA) Mohab Mamish has stressed the importance of communication among the different generations to make sure development projects will not stop.

Meeting with a group of youth, who are attending a training program offered by the Egyptian presidency, here Sunday, Mamish said indeed the new generation has introduced new blood to the SCA with the establishment of the New Suez Canal.

He added that work is underway to develop the Suez Canal zone through the value-added policy, complementary industries and logistic distribution.

 

 

65 ships transit Suez Canal

ISMAILIA, Egypt, Sept 23, 2018 (MENA) - Sixty-five ships transited the Suez Canal on Sunday with a total cargo of 4.4 million tons.

The south-bound convoy included 30 vessels carrying 1.9 million tons, while the north-bound convoy included 35 ships laden with 2.5 million tons, according to statistics of the Suez Canal Authority.

61 ships transit Suez Canal

ISMAILIA, Egypt, Sept 10, 2018 (MENA) - Sixty-one ships transited the Suez Canal on Monday with a total cargo of 3.8 million tons.

The south-bound convoy included 32 vessels carrying 1.8 million tons, while the north-bound convoy included 29 ships laden with 2 million tons, according to statistics of the Suez Canal Authority.

 

CAIRO, Aug 29, 2018 (MENA) - Chairman of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZone) Mohab Mamish said China's Jushi company has managed to inaugurate its third production line in the southern part of Ain Sokhna.


Following a meeting with a delegation of the Chinese company, the SCZone said in a statement that Mamsih thanked the delegation for their confidence and cooperation in the "fiberglass" project.

Egypt has become the world's third largest producer of fiberglass next to the United States and China due to the investments of China's giant fiberglass corporation Jushi in the country.

The total investments of Jushi Company in Egypt amounted to dlrs 520 million. The giant project, which is stretched over an area of 234,000 square meters, secures 2,500 job opportunities. 

SCZone profits hit LE2.13b

CAIRO, August 9, 2018 - The Suez Canal Economic Zone (SCZone) made net profits of LE2.13 billion in the fiscal year (FY) of 2017/18. This represented a 64 per cent  increase over LE1.3 billion in the FY2016/17,  Chairman of the Suez Canal Authority (SCA) and SCZone Admiral Mohab Mamish revealed on Thursday.
In a statement, Mamish said recent statistics showed that the SCZone ranked fifth on the list of the most profitable economic sectors citing an increase in the revenues of the SCA ports.
He hailed the efforts of the SCA personnel to attract foreign investments by implementing flexible marketing and investment policies. These resulted in the signing of a contract to establish the largest petro-chemical complex in the Middle East.
Mamish affirmed that the applied policies are aimed at turning the SCZone into a global hub for trade and one of the World's most important logistical areas. These in turn would contribute to boosting Egypt's economy by 2025.
The SCZone serves the country's plans to attract Arab and foreign investments to secure more jobs for young people across the nation, establish technical and industrial training centres, as well as create new urban communities, he said.







CAIRO, July 20, 2018 (MENA) - The Egyptian Cabinet Information and Decision Support Center (IDSC) on Friday denied reports by local and foreign media along with social media websites that a collision of six vessels took place in the Suez Canal and hampered navigation.

In a released statement, the center indicated that it contacted the Suez Canal Authority which denied the reports and confirmed that navigation is normal in the waterway.

The authority urged all media outlets to be accurate while publishing any reports.

 

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