Tuesday, March 28, 2023

Egypt expects Suez Canal tourism revenues to spike by stop of fiscal calendar year

Egypt expects Suez Canal tourism revenues to reach concerning $10 billion and $12 billion by fiscal calendar year conclude, in spite of the Ukrainian disaster. Egypt’s fiscal 12 months operates from July 1 to June 30.

Reuters | | Posted by Zarafshan Shiraz, Cairo

Egypt expects the Suez Canal’s revenues to access about $7 billion by the conclude of the recent fiscal 12 months, finance minister Mohamed Maait mentioned on Saturday.

Tourism revenues are expected to get to in between $10 billion and $12 billion by then, despite the Ukrainian disaster, he added. Egypt’s fiscal year runs from July 1 to June 30.

The canal is the swiftest delivery route involving Europe and Asia and a single of the Egyptian government’s main resources of international currency. 

This story has been published from a wire agency feed with no modifications to the text. Only the headline has been adjusted.

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