Greek Ambassador in Cairo: 'The Suez Canal remains a pivotal hub for the maritime transport industry. We are keen to strengthen economic and commercial cooperation

 Admiral Osama Rabie, Chairman of the Suez Canal Authority (SCA), met Mr Nikolaos Papageorgiou, the Greek Ambassador to Cairo, at the SCA's headquarters in Ismailia Governorate's Guidance Building. The two discussed ways to strengthen cooperation in areas of mutual interest. At the start of the meeting, Rabie said that he wanted to use the strong relationship between Egypt and Greece to encourage collaboration and the exchange of knowledge in the maritime industry and logistics services

Invitation of Greek companies for investment 

The SCA Chairman invited Greek companies operating in these sectors to collaborate with the Suez Canal Authority, which has evolved into an industrial hub encompassing several shipyards and subsidiary companies engaged in a variety of industrial and maritime activities.

He emphasised that the Suez Canal had successfully increased its competitiveness by introducing new maritime services and activities, as well as ongoing efforts to develop the waterway and maritime fleet, all of which form part of a comprehensive development strategy.

 The Suez Canal’s proven capacity to manage successive crises

Furthermore, the SCA Chairman highlighted the Suez Canal's proven capacity to manage successive crises and respond flexibly to various challenges, which is achieved through collaborative efforts with organisations and stakeholders across the maritime community to ensure the stability of global supply chains. Mr Nikolaos Papageorgiou, the Greek Ambassador in Cairo, also spoke, praising the tangible progress achieved in the Suez Canal’s maritime and logistics services system. Despite facing unprecedented challenges and turbulent conditions, he described the Canal’s operational journey as an ongoing success story.

Related: Suez Canal now accounts for 57% of the Mediterranean–Asia backhaul container routes.

 The Suez Canal is a pivotal hub for the maritime transport industry

The Greek Ambassador emphasised that the Suez Canal remains a pivotal hub for the maritime transport industry and an indispensable artery for global trade. He expressed his hope for the stabilisation of the region’s geopolitical situation, noting that this is essential for maintaining consistent navigation rates through the canal and ensuring the sustainability of global supply chains.

 The bilateral relations between the two nations 

Furthermore, the Ambassador emphasised that the two nations' bilateral relations are strategic and deeply rooted in history. He expressed his commitment to bolstering economic and commercial cooperation in the future by encouraging more investment in projects within the Suez Canal zone.

George Safwat, the official spokesperson for the Suez Canal Authority, stated:

Source: Press Release received by Maritime Tickers

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