After the Egyptians" dream and will were realized in digging the New Suez Canal during a record time and with unprecedented efforts that impressed the world and proved that the Egyptian people are always capable of creating miracles, the Suez Canal development axis has become the golden gateway to attract many huge investments, Being an important and vital artery for global navigation and trade, experts around the world expect the opening of the New Suez Canal to lead an unprecedented economic and investment movement through a package of huge projects in various developmental, industrial and commercial fields.

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A large variety of investment projects have been proposed following the opening of the New Suez Canal, numbering 42 projects, and some of these projects have already been contracted between the Egyptian government and some investment companies from the Gulf Cooperation Council countries in addition to some international companies, and there are still some ongoing negotiations and consultations on a group of other projects at the present time.

The opening of the New Suez Canal is expected to lead an unprecedented economic and investment movement.

The projects proposed for the development of the Suez Canal Axis include projects in the fields of refining, oil refineries and desalination, and these projects may be assigned to some major Saudi companies because of their great experience in these fields, and the Egyptian government and the Saudi-Egyptian Business Council headed by Sheikh Saleh Kamel have agreed to establish a financial consulting company with a capital of 420 million dollars in addition to allocating an industrial city with full infrastructure facilities.

These projects include projects in the fields of refining, petroleum refineries and water desalination.

Major investment companies in the United Arab Emirates are also seeking to establish a free trade zone in the Suez Canal Axis, where a memorandum of understanding was signed between the UAE and the General Authority for Investment and Free Zones in this regard, and the State of Kuwait also intends to implement major international projects at a cost of 16 billion dollars in the Suez Canal Axis, and the Gulf Cooperation Council countries are considered one of the major investors and supporters of the Suez Canal development hub, where Saudi Arabia comes first on the list, followed by the United Arab Emirates, and then followed by Kuwait.

GCC countries are the largest investor countries.

Facts and figures about the canal

The project cost about 8 billion dollars raised in a public subscription in Egyptian pounds. Through the issuance of bank investment certificates with an interest rate of 12%.

The Egyptian government expects canal revenues in 2023 to increase to $13.226 billion.

The new canal will have a capacity of 97 standard ships per day in 2023 and will enable direct non-stop transit of 45 ships in both directions.

The Egyptian government expects the canal's revenues to increase in 2023 by about 13.226 billion dollars.

The New Canal project took about 12 months to complete.