Suez Canal Authority Chairman Mohab Mamish stated on Monday that Egypt is preparing to launch shipping lines connecting Egypt with other African states in a move that will serve to boost African exports to all world countries.
Mamish made the announcement when he received a delegation of African media people who are visiting Egypt to learn about the mega and development projects being established in the country.
Later on, a documentary was aired to give an overview of the recent projects accomplished in the Suez Canal Axis. Those include the New Suez Canal and the SCzone that now houses $20 billion of investments, which are targeted to be $55 billion within 15 years. That is in addition to the inauguration of a vocational training center to qualify labor working in the SCzone plants. The center cost €22 million.
Afterward, the delegation went on a cruise in Suez Canal and visited the tunnels extending beneath the Canal to connect the eastern and western shores of the Canal.
The African Continental Free Trade Agreement (AfCFTA) was officially launched in the extraordinary African Union (AU) summit that took place earlier this month. Egypt is currently chairing the AU.