Cairo – Mubasher: Egypt’s Suez Canal is anticipated to generate EGP 44 billion ($5 billion) revenues in the fiscal year 2016/17, said the Ministry of Finance in a press release.
Out of the projected amount, the canal’s profits and taxes constitute EGP 23.27 billion and EGP 18 billion respectively, the ministry added, indicating that the remaining 2.79 billion is to be brought in through royalties.
Earlier, the Chairman of the Suez Canal Authority Mohab Mamish said Suez Canal reached $5.175 billion in revenues in 2015 compared to $5.465 billion in 2014, a 5.3% decrease.
