This optimistic outlook comes despite the ongoing geopolitical challenges in the region, particularly in the Red Sea.
The announcement was made during the Excellence Day celebration, where the Authority also launched new maritime services and signed several memoranda of understanding with strategic partners for upcoming projects.
The president stated that Egypt has managed to move forward with steady and well-planned steps despite the challenges it has faced over the past 15 years, including global economic crises.
Georgieva added in response to questions from Youm7 during a press conference held in Washington that Egypt is implementing important economic reforms.
The sources explained that the number of ships crossing during last May recorded 1,111 ships, compared to the same period in 2023, which recorded 2,396 crossings, a decline of 1,285 ships.
