File photo: Egypt s Suez Canal
SCA Chairman Osama Rabie received the award on Thursday during a ceremony held at the Arab League (AL) premises in Cairo to announce the winners of Arab Government Excellence Awards.
This Arab competition is organised under the auspices of Sheikh Mohammed bin Rashid, the ruler of Dubai and Prime Minister of the UAE.
The 72-kilometre-long Suez Canal – which connects the Mediterranean and the Red Seas – is the shortest maritime route between Asia and Europe and is the fastest crossing from the Atlantic Ocean to the Indian Ocean.
Around 12 percent of the world’s trade passes through the canal.
The world’s longest man-made canal without locks is one of Egypt’s main sources of foreign currency.
In 2022, the Suez Canal’s revenue hit a record $7.9 billion, up from $6.3 billion in the previous year.
The total number of vessels that crossed the canal this year reached 23,400, up from 21,700 in 2021.
Meanwhile, total cargoes that crossed the canal this year hit a record high of 1,420 billion tons, up from 1,220 billion tons in 2021.
The Egyptian Ministry of Communications and Information Technology was also picked as the best Arab ministry.