Suez Canal is a manmade waterway that connects the Red Sea and the Mediterranean Sea. It is one of the most heavily used shipping lanes and 12% of the world trade happens through this canal. 30% of all container ships in the world pass through this route. The canal was constructed in 1869 and was controlled by the Britons and the French interests in the initial years. In 1956, Egypt nationalised the canal and it now the source of 5.61 billion USD revenue per year for the Egyptian economy.
Topics: Suez Canal
|View All E-Books: Recent Release|