{"id":660476,"date":"2025-02-12T00:00:00","date_gmt":"2025-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/12\/suez-canal-completes-egp-9-bn-southern-expansion\/"},"modified":"2025-02-12T00:00:00","modified_gmt":"2025-02-12T00:00:00","slug":"suez-canal-completes-egp-9-bn-southern-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/12\/suez-canal-completes-egp-9-bn-southern-expansion\/","title":{"rendered":"Suez Canal completes EGP 9 bn southern expansion"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Suez Canal\u2019s EGP 9 bn southern expansion has been completed<\/strong>, Suez Canal Authority head Osama Rabie <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1143676957802723?comment_id=479561958364578\" style=\"\" rel=\"noopener\">said<\/a> yesterday. The 10 km expansion will improve navigation through the canal by 28%, he told Lamees El Hadidi (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=uM_fk5puB_g\" style=\"\" rel=\"noopener\">watch, runtime: 14:15<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AUTOMOTIVE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could the local manufacture of Mitsubishi vehicles be imminent? <\/strong>A delegation from Japan\u2019s Mitsubishi will soon visit Egypt as the company looks into locally manufacturing its vehicles in Egypt, unnamed sources from the Industry Ministry told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%88%d9%81%d8%af-%d9%85%d9%86-%d9%85%d9%8a%d8%aa%d8%b3%d9%88%d8%a8%d9%8a%d8%b4%d9%89-%d8%a7%d9%84%d8%b9%d8%a7%d9%84%d9%85%d9%8a%d8%a9-%d9%8a%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%84\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The automotive giant is currently mulling its options \u2014 taking on the project on its own or in partnership with a local player. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We had an idea this was happening: <\/strong>Earlier this month, Al Mulla Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/599f326b-3528-48c5-b33d-5e13127e4672\/%253cmark%253e%253c%2Fmark%253ebukhamseen%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eis%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emulling%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eusd%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e125%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ehotel%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eegypt%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eand%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emore%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efrom%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eel%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ekhatib%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253es%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etime%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ekuwait%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">said<\/a> it is in talks with Mitsubishi to localize the manufacture of its vehicles in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lukoill awarded South Wadi El Sahl concession:<\/strong> Russian energy giant Lukoil will invest USD 22.5 mn to drill six exploratory wells in the South Wadi El Sahl oil concession west of the Gulf of Suez after it was awarded the concession, unnamed sources told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d8%ad%d9%83%d9%88%d9%85%d8%a9-%d8%aa%d9%85%d9%86%d8%ad-%d9%84%d9%88%d9%83-%d8%a3%d9%88%d9%8a%d9%84-%d8%a7%d9%84%d8%b1%d9%88%d8%b3%d9%8a%d8%a9-%d8%ad%d9%82%d9%88%d9%82-%d8%a7\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Lukoil awarded South Wadi El Sahl concession<\/p>\n","protected":false},"author":1,"featured_media":660477,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,144,72,91,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-enterpriseam","tag-oil-and-gas","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"08d275e1-bce6-468d-89f7-f38d31b26da7","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1112.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Suez Canal completes EGP 9 bn southern expansion","related_issue":[660455],"teaser":"PLUS- Lukoil awarded South Wadi El Sahl concession","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.8c07292a-9bf8-4523-9691-8feabd776ed8.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Acquiring new cranes that could vertically offload cargo from up to 52 metres is also on the authority\u2019s radar,\u2026","rel":"","context":"In &quot;Suez Canal&quot;","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562923,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/10\/also-on-our-radar-on-10-june-2021\/","url_meta":{"origin":660476,"position":1},"title":"Also on our radar on 10 June 2021","author":"enterpriseam admin","date":"10 June 2021","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: Some 20% of the USD 7 bn Russian Industrial Zone (RIZ) in East Port Said hasbeen finished, representing 1 mn sqm out of the 5.25 mn sqm stretch of land being allocated to Russian companies in the Suez Canal Economic Zone.CP\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560287,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/22\/also-on-our-radar-on-22-february-2021\/","url_meta":{"origin":660476,"position":2},"title":"Also on our radar on 22 February 2021","author":"enterpriseam admin","date":"22 February 2021","format":false,"excerpt":"The Suez Canal Authority (SCA) is borrowing USD 100 mn from a syndicate of four local banks to finance ongoing projects, Al Mal reports, citing unnamed sources. CIB, Banque du Caire, and Arab African International Bank will provide USD 30 mn each, and the remaining USD 10 mn will be\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565894,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/the-suez-canal-is-back-in-build-mode\/","url_meta":{"origin":660476,"position":3},"title":"The Suez Canal is back in \u201cbuild\u201d mode","author":"enterpriseam admin","date":"11 May 2021","format":false,"excerpt":"The southern stretch of the Suez Canal (yes, the one where the Ever Given got stuck) will see deepening and expansion works, according to Chairman of the Suez Canal Authority (SCA) Osama Rabie (watch, runtime: 5:30). Rabie has presented President Abdel Fattah El Sisi with a plan to widen the\u2026","rel":"","context":"In &quot;SPEED ROUND: INFRASTRUCTURE&quot;","block_context":{"text":"SPEED ROUND: INFRASTRUCTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562240,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/no-repeat-of-the-ever-given\/","url_meta":{"origin":660476,"position":4},"title":"No repeat of the Ever Given?","author":"enterpriseam admin","date":"17 May 2021","format":false,"excerpt":"Dredging work to expand the New Canal and the southern stretch of the waterway began yesterday, the Suez Canal Authority (SCA) said in a statement. The expansion \u2014 which President Abdel Fattah El Sisi wants to see completed within 24 months \u2014 will add a 10 km extension to the\u2026","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/120.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556198,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/14\/suez-canal-revenues-up-12-4-so-far-this-year\/","url_meta":{"origin":660476,"position":5},"title":"Suez Canal revenues up 12.4% so far this year","author":"enterpriseam admin","date":"14 October 2021","format":false,"excerpt":"The global rise in commodity prices is hitting local aluminium, as Egypt Aluminum has raised the price at which it sells to factories and distributors to EGP 55-66k per tonne, up by nearly EGP 4-5k from last month.Suez Canal Revenues were up 12.4% y-o-y between January and 12 October this\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=660476"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660476\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/660455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/660477"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=660476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=660476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=660476"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=660476"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=660476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}