CAIRO: Emirati State Minister Sultan al-Gaber visited the new Suez Canal construction site Thursday while riding the Al-Sadr dredger: one of the Emirati dredgers fleet participating in digging the new canal, Youm 7 reported.
Gaber has been frequently seen in various field visits to Egyptian infrastructure projects, either backed or funded by the Emirati government.
The minister was received by the head of Suez Canal Authority Mohab Mamish who joined the trip on the dredger.
The digging process, which began last August, is expected to be finalized within less than 110 days in order to be inaugurated in an international ceremony in August.
The New Suez Canal is a multi-billion dollar project aiming to establish a new 72-km canal parallel to the current one to speed transit time and allow ships to sail in both directions at the same time, and is expected to boost annual revenue up to $13.5 billion by 2023.
Another long-term project named the Suez Canal Axis development is concurrently in development; it aims to develop the area surrounding the Suez Canal through establishing economical and logistical hubs.