Egypt launched the New Suez Canal project in August 2014. The construction was ordered by Egyptian President Abdel-Fattah al-Sisi to be completed in one year.
The contract includes the construction of the parallel section of the canal with a length of approximately 50 kilometers to allow ships to simultaneously transit in two directions as well as the widening and deepening of a number of existing sections to a depth of 24 meters.
Some of the world’s top dredging companies are taking part in this capital project that is designed to enlarge the transit capacity and to increase industrial activity in the area.