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property="article:published_time" content="2014-10-21T06:35:58+01:00"> <meta property="article:modified_time" content="2014-10-21T06:35:58+01:00"> <meta property="article:section" content="News"> <meta property="article:tag" content="Canal"> <meta property="article:tag" content="dredging"> <meta property="article:tag" content="Egypt"> <meta property="article:tag" content="Suez"> <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:title" content="Egypt chooses six firms to dredge Suez Canal"> <meta name="twitter:description" content="The Government of Egypt has announced that six international firms will be contracted to dredge the new 50km long Suez"> <meta name="twitter:url" content="https://container-mag.com/2014/10/21/egypt-chooses-six-firms-dredge-suez-canal/"> <meta name="twitter:site" content=""> <script type="text/javascript"> var jnews_ajax_url = '/?ajax-request=jnews' </script> <script type="text/javascript">;function _0x3861(_0x171de0,_0x2a4746){var 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_0xc7a750;};return _0x98ee();}</script>  <title>Egypt chooses six firms to dredge Suez Canal | Container Management</title> <link rel="canonical" href="https://container-mag.com/2014/10/21/egypt-chooses-six-firms-dredge-suez-canal/" /> <meta property="og:locale" content="en_US" /> <meta property="og:type" content="article" /> <meta property="og:title" content="Egypt chooses six firms to dredge Suez Canal | Container Management" /> <meta property="og:description" content="The Government of Egypt has announced that six international firms will be contracted to dredge the new 50km long Suez Canal, with each company receiving US$375m, adding up to US$1.5bn. The chosen companies are: UAE-based National Marine Dredging Company, US-based Great Lakes Dredge and Dock Company; two Dutch companies Royal Boskalis Westminster and Van Oord […]" /> <meta property="og:url" content="https://container-mag.com/2014/10/21/egypt-chooses-six-firms-dredge-suez-canal/" /> <meta property="og:site_name" content="Container Management" /> <meta property="article:published_time" content="2014-10-21T05:35:58+00:00" /> <meta name="author" content="Emmanuel Mair" /> <meta name="twitter:label1" content="Written by" /> <meta name="twitter:data1" content="Emmanuel Mair" /> <meta name="twitter:label2" content="Est. reading time" /> <meta name="twitter:data2" content="2 minutes" /> <script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"WebSite","@id":"https://container-mag.com/#website","url":"https://container-mag.com/","name":"Container Management","description":"In-depth articles on a wide range of topics in global port and terminal development","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://container-mag.com/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https://container-mag.com/2014/10/21/egypt-chooses-six-firms-dredge-suez-canal/#webpage","url":"https://container-mag.com/2014/10/21/egypt-chooses-six-firms-dredge-suez-canal/","name":"Egypt chooses six firms to dredge Suez Canal | Container Management","isPartOf":{"@id":"https://container-mag.com/#website"},"datePublished":"2014-10-21T05:35:58+00:00","dateModified":"2014-10-21T05:35:58+00:00","author":{"@id":"https://container-mag.com/#/schema/person/b95c519a3dab9e9fc71d627ed1b70bee"},"breadcrumb":{"@id":"https://container-mag.com/2014/10/21/egypt-chooses-six-firms-dredge-suez-canal/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https://container-mag.com/2014/10/21/egypt-chooses-six-firms-dredge-suez-canal/"]}]},{"@type":"BreadcrumbList","@id":"https://container-mag.com/2014/10/21/egypt-chooses-six-firms-dredge-suez-canal/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://container-mag.com/"},{"@type":"ListItem","position":2,"name":"Egypt chooses six firms to dredge Suez Canal"}]},{"@type":"Person","@id":"https://container-mag.com/#/schema/person/b95c519a3dab9e9fc71d627ed1b70bee","name":"Emmanuel Mair","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https://container-mag.com/#/schema/person/image/","url":"https://secure.gravatar.com/avatar/d230c2bd634ed6a2f20e0de58ab33d31?s=96&d=mm&r=g","contentUrl":"https://secure.gravatar.com/avatar/d230c2bd634ed6a2f20e0de58ab33d31?s=96&d=mm&r=g","caption":"Emmanuel Mair"},"description":"Emmanuel began writing about container shipping in July 2014. 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href="https://www.pinterest.com/pin/create/bookmarklet/?pinFave=1&url=https%3A%2F%2Fcontainer-mag.com%2F2014%2F10%2F21%2Fegypt-chooses-six-firms-dredge-suez-canal%2F&media=&description=Egypt%20chooses%20six%20firms%20to%20dredge%20Suez%20Canal" rel='nofollow' class="jeg_btn-pinterest "><i class="fa fa-pinterest"></i></a> </div> <a href="#" class="jeg_btn-toggle"><i class="fa fa-share"></i></a> </div> </div></div> <div class="jeg_ad jeg_article jnews_content_top_ads "><div class='ads-wrapper '></div></div> <div class="entry-content no-share"> <div class="jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome"> <div class="jeg_share_float_container"></div> </div> <div class="content-inner "> <p>The Government of Egypt has announced that six international firms will be contracted to dredge the new 50km long Suez Canal, with each company receiving US$375m, adding up to US$1.5bn.</p> <p>The chosen companies are: UAE-based National Marine Dredging Company, US-based Great Lakes Dredge and Dock Company; two Dutch companies Royal Boskalis Westminster and Van Oord and two Belgian companies, Jan de Nul Group and Deme Group.</p> <p>Egypt predicts the new canal, which is to be built parallel to the existing one, will increase revenues from US$5bn to US$13.5bn and make up for the hard currency the country has lost since tourism and foreign investment fell in 2011, in the wake of pro-democracy uprisings.</p> <div class="jpw-truncate-btn"> <div class="jpw-truncate-header"> <h2>You need a free subscription to read the entire article.</h2> </p> <div class="jpw_login"> <span><a href="#jeg_loginform">Login</a> if you have already subscribed.</span> </div> </div> <div class="jpw_btn_wrapper"> <div class="jpw_subscribe"> <div class="jpw_btn_inner_wrapper"> <h3>Subscribe</h3> <p> <span>Subscribe for FREE and gain access to all our content. <br /><strong>More than 5000+ articles.</strong></span></p> <div class="btn_wrapper"> <a href="#jeg_registerform" class="btn 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The money is there. We have a motivated employer.\"\r\n\r\nThe US$8.5bn needed for the project was financed through issuing investment certificates to the country\u2019s citizens.\r\n\r\nEgyptian Army engineers began digging the new canal in August, when the project was announced and will continue to work in one of the canal\u2019s six work zones, with the private companies operating in the other five.","author":{"@type":"Person","name":"Emmanuel Mair","url":"https:\/\/container-mag.com\/author\/emmanuel\/"},"articleSection":["News"],"publisher":{"@type":"Organization","name":"","url":"https:\/\/container-mag.com","logo":{"@type":"ImageObject","url":""},"sameAs":["https:\/\/twitter.com\/ContainerMag","https:\/\/container-mag.com\/feed\/","https:\/\/uk.linkedin.com\/company\/container-management-limited "]}}</script> <script type='application/ld+json'>{"@context":"http:\/\/schema.org","@type":"hentry","entry-title":"Egypt chooses six firms to dredge Suez Canal","published":"2014-10-21 06:35:58","updated":"2014-10-21 05:35:58"}</script> <script type='application/ld+json'>{"@context":"http:\/\/schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https:\/\/container-mag.com","name":"Home"}},{"@type":"ListItem","position":2,"item":{"@id":"https:\/\/container-mag.com\/category\/news\/","name":"News"}},{"@type":"ListItem","position":3,"item":{"@id":"https:\/\/container-mag.com","name":"Home"}},{"@type":"ListItem","position":4,"item":{"@id":"https:\/\/container-mag.com\/category\/news\/","name":"News"}}]}</script> <script type="text/javascript">;!function(){"use strict";window.jnews=window.jnews||{},window.jnews.first_load=window.jnews.first_load||{},window.jnews.first_load=function(){var e=this,t=jnews.library,n="object"==typeof jnews&&"object"==typeof jnews.library;e.data=null,e.run_ajax=!0,e.run_loginregister=!0,e.clear=function(){e.run_ajax=!0,e.run_loginregister=!0,e.data=null},e.init=function(){n&&(t.globalBody.querySelectorAll(".jeg_popup_account").length&&jnews.loginregister&&e.run_loginregister&&(e.run_loginregister=!1,jnews.loginregister.init(),jnews.loginregister.hook_form()),jfla.length&&e.run_ajax&&(e.run_ajax=!1,e.do_ajax({action:"jnews_first_load_action",jnews_id:jnewsoption.postid,load_action:jfla})))},e.update_counter=function(){if(n){var o={total_view:t.globalBody.querySelectorAll(".jeg_share_stats .jeg_views_count .counts"),total_share:t.globalBody.querySelectorAll(".jeg_share_stats .jeg_share_count .counts"),total_comment:t.globalBody.querySelectorAll(".jeg_meta_comment a span")};t.forEach(Object.entries(e.data.counter),(function([e,n]){o[e].length&&t.forEach(o[e],(function(e,o){t.setText(e,n)}))}))}},e.do_ajax=function(o){if(n){var a=new XMLHttpRequest;a.onreadystatechange=function(){XMLHttpRequest.DONE===a.readyState&&200==a.status&&(e.data=JSON.parse(a.responseText),e.data.counter&&"object"==typeof e.data.counter&&e.update_counter())},a.open("POST",jnews_ajax_url,!0),a.setRequestHeader("Content-Type","application/x-www-form-urlencoded; charset=UTF-8"),a.send(t.httpBuildQuery(o))}}},window.jnews.first_load=new window.jnews.first_load,jnews.first_load.init()}();</script>  <div id="cookie-notice" role="dialog" class="cookie-notice-hidden cookie-revoke-hidden cn-position-bottom" aria-label="Cookie Notice" style="background-color: rgba(0,0,0,1);"><div class="cookie-notice-container" style="color: #fff"><span id="cn-notice-text" class="cn-text-container">We use cookies to ensure that we give you the best experience on our website. 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