Egypt’s Suez Canal sees strong rebound, revenue doubling by 2030: IDSC

Egypt’s Suez Canal could see revenues reach $11.9 billion by the 2029/30 fiscal year, almost double current levels, according to a series of infographics released on Monday by the Cabinet’s Information and Decision Support Centre (IDSC).

The International Monetary Fund (IMF) forecasts revenues will rise from an estimated $6.3 billion in 2025/26 to $8.2 billion in 2026/27, reaching $11.5 billion by 2028/29, amid improved traffic and expanded services offered by the Suez Canal Authority (SCA).

Despite ongoing geopolitical tensions in the Red Sea, operations in the canal remain uninterrupted, according to maritime data provider Offshore Energy. The SCA has rolled out new support services, including marine rescue, water ambulances, pollution control, ship repair, and bunkering, in a bid to reinforce its role as a global maritime hub.

Rating agency Standard & Poor’s said it expects vessel flows through the waterway to gradually normalise in the coming months. Fitch Solutions noted that the canal’s recent expansion, operational since early 2025, has boosted daily capacity by up to eight additional vessels and improved emergency response capabilities.

Shipping publication Lloyd’s List reported that several major carriers have resumed routes through the Red Sea corridor, encouraged by stabilising security conditions and tailored incentives offered by Egyptian authorities.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser