23.08.2019
Artikel Nummer: 28502
New chairman for the Suez Canal
According to the news agency Reuters, Egypt’s president Abdel Fattah al-Sisi has appointed Lieutenant General Osama Rabie as chairman of the Suez Canal Authority.
Rabie, a naval officer, was vice chairman of the canal authority under its previous head, Mohab Mamish, who will become an advisor to the president on seaports. Sisi has also appointed engineer Yahia Zaki as head of the Suez Canal economic zone, a mega-project launched in 2015 to build an international hub for global manufacturers along the canal.
The Suez Canal is the most direct shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency. In FY 2018-2019 the canal generated earnings of USD 5.9 billion. (mw)