Egypt’s Suez Canal recorded $7 billion in revenue for the fiscal year 2021/22, up 20.7 percent from a year earlier, Suez Canal Authority Chairman Osama Rabea said in a statement on Monday.
Egypt’s fiscal year runs from July 1 to June 30.
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The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency.
Read more:
Suez Canal records highest ever monthly revenue in April
Egypt’s Suez Canal Authority cancels rebate granted to LNG carriers as of March 15
Suez Canal expansion project expected to finish in July 2023: SCA chairman
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