El-Samadouni explained that the canal’s revenues recorded a
partial recovery from July to early December, reaching $1.97 billion, marking a
17.5% year-on-year increase. This follows a sharp decline of nearly 60% over
the past two years due to the Israeli war on Gaza and the resulting disruptions
in the Red Sea.
According to data from the Central Bank of Egypt, the
canal’s revenues fell from $8.8 billion in the 2022/2023 fiscal year to
approximately $3.6 billion in the fiscal year ending June 2025.
Prime Minister Dr. Moustafa Madbouly confirmed that Suez Canal revenues
are expected to rise gradually in the coming period, noting that maritime
traffic indicators have already begun to recover despite ongoing regional
challenges.
El-Samadouni added that the upcoming period is expected to
see a phase of stability in global supply chains after a year of disruptions,
which will boost investor confidence in the maritime transport and energy
sectors and support stock markets in countries closely linked to international
trade and shipping. He also noted that global transport indicators have
rebounded, reflecting markets’ anticipation of improved global growth in the
near future.
He further highlighted that the Suez Canal Authority expects
revenue improvements during the 2025/2026 fiscal year, with gradual growth
targeting $10 billion by 2027/2028, driven by new logistical and industrial
expansions, including fish farming activities and projects in Safaga and Ain
Sokhna, alongside plans to localize maritime industries.