President El-Sisi briefed on Suez Canal transit rates for 2025/2026 fiscal year

The President met with Admiral Osama Rabie, Chairman of the Suez Canal Authority, and Mustafa El-Degeshi, Chairman of the Board of Directors of the South Red Sea Shipyard Company. Presidential spokesperson, Ambassador Mohamed El-Shenawy, stated that President El-Sisi emphasized the importance of increasing domestic marine-unit manufacturing to meet national demand for the canal and Egyptian ports, support the river transport sector, and expand into foreign export markets through private sector partnerships. He also directed officials to maintain high quality standards, adhere to project timelines, enforce occupational safety and health requirements, and ensure continuous training for technical staff.

The President was also updated on the equipping of fiberglass factories at the Suez Canal Modern Boats Company, a joint venture between the Suez Canal Authority and the South Red Sea Shipyard Company. Briefings included the construction of several fiberglass boats, including the completed hulls of three tourist launches for maritime and Nile tourism, the progress of building twelve deep-sea fishing vessels of the "Rezk" class, and the manufacturing of a sixty-passenger river bus for the Cairo Governorate. Additionally, the construction of "Azm"-class marine tugboats, with a ninety-ton bollard pull, was reviewed, with an e