CAIRO - 4 December 2021: Egypt’s Suez Canal is a major artery for the global seaborne trade movement, through which about 10 percent of the total global trade movement crosses, which is about 25 percent of the total movement of goods globally. In this regard, we shed light on the developmental strategy of the Suez Canal Authority:1- Continuing to follow a flexible pricing and marketing policy in a manner that enhances the competitive advantage of the canal as a less costly navigational alternative. 2- Developing the economic zone of the Suez Canal to overcome the challenges resulting from the impact of competing roads, with the industrial and logistical zones it provides that connect customers with the navigational course of the Suez Canal. 4- Establishing the Artificial Intelligence Center to support decision-making in the Suez Canal Authority with the aim of increasing and activating advanced technologies in modernizing and mechanizing work in the Suez Canal Authority in all disciplines. 5- Developing, modernizing and restructuring the companies affiliated with the Suez Canal Authority, through an integrated system for reform, asset management, projects and business development.

Source: Libya Today December 05, 2021 01:52 UTC