$5.2 Billion in 2011.
2 billion
yes!
68.3513 miles
The Suez Canal is the only way to get from the Mediterranean Sea to the Indian Ocean without having to travel all the way around Africa. The Suez Canal is also under the ownership of the Suez Canal Authority which is an Eqyption holding. Ships must pay to use the canal, like a toll road, otherwise they would have to pay much more to traverse the much greater distance to go around Africa.
The world did not laterally get smaller- if that is your ? The Suez canal made it much faster to ship goods and people around the globe .
The African
40 miles
They were in too much debt and sold it to Britain.
They were in too much debt and sold it to Britain.
The Suez Canal allowed for a direct link to Asia through Europe without having to go around Africa. This made trade much quicker and easier.
The geographical position of the Suez Canal makes it the shortest route between East and West as compared with the Cape of Good Hope. The Canal route achieves saving in distance between the ports north and south of the Canal.
The near-bankruptcy of Egypt. Apex