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FINANCIAL NEWS
UAE NMDC reveals USD1.5b new Suez Canal project
27 Jul 2015
(MENAFN) UAE National Marine Dredging Company (NMCD), has announced the completion of the USD1.5 billion new Suez Canal project, Saudi Gazette reported.
A total of six container ships from around the world sailed across the canal as part of the trial run toward ensuring its readiness for work.
Three ships crossed the canal from Suez in the south and moved to the north, while three ships sailed from Port Said in the north toward the Mediterranean Sea in the south.
It’s worth mentioning that NMCD won the consortium, alongside with three of world’s largest marine companies, including Boskalis and Van Oord and Jan de Nul from.
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