Egyptian President Abdel Fattah Al-Sisi met officials to review plans for expanding domestic shipbuilding and developing the Suez Canal Authority maritime fleet.
The president met Suez Canal Authority Chairperson Osama Rabie and Mostafa El-Degheishy, Chairperson of the South Red Sea Shipyard Company. They discussed vessel traffic in the Suez Canal during the 2025–2026 fiscal year and progress on new marine units under construction.
Al-Sisi called for greater localisation of marine vessel manufacturing to meet domestic demand and boost exports. He stressed the need to maintain high quality standards, complete projects on schedule, comply with occupational safety requirements, and continue training the technical workforce.
Construction has been completed on the hulls of three fibreglass passenger boats for marine and Nile tourism services. Officials also reviewed progress on two new fibreglass manufacturing facilities, a programme to build 12 deep-sea fishing vessels under the Rizq class, a 60-passenger river bus for Cairo Governorate, and Azm tugboats with a bollard pull of 90 tonnes.
Egypt’s shipbuilding strategy aims to meet the needs of the Suez Canal, Egyptian ports, and river transport while expanding export opportunities through partnerships with the private sector.
