Egypt expects the Suez Canal's revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday.
Tourism revenues are expected to reach between $10 billion and $12 billion by then, despite the Ukrainian crisis, he added. Egypt's fiscal year runs from July 1 to June 30.
For all the latest headlines follow our Google News channel online or via the app.
The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.
Read more:
Suez Canal records highest ever monthly revenue in April
Work to widen Egypt’s Suez Canal is underway