File Photo: Osama Rabie, chairman of Egypt s Suez Canal Authority (SCA), speaks during a press conference in the canal s central city of Ismailia. AFP
This will be Rabie's fifth consecutive one-year term as the head of the SCA, which runs and operates the vital international way that carries 12 percent of all world trade and is a major source of hard currency to the country.
Since his appointment to the post in 2019, Rabie, 68, has guided the Suez Canal to daily-record ship-transit rates and record annual revenues.
During his tenure, Rabie also oversaw complex crisis-management operations including the successful refloating of the giant Ever Given container ship after the giant container ship went aground and blocked the international waterway in March of 2021.
Rabie previously served as the commander of the Egyptian Naval Forces 2015-2016.
He also served as the vice chairman of the SCA 2016-2019.
Reappointing SCZone chief
President El-Sisi has also reappointed Walid Gamal El-Din as Chairman of the General Authority of the Suez Canal Economic Zone (SCZone) for another one-year term, effective 12 August.
Gamal El-Din previously served as deputy chairman for investments at the SCZone and also as its executive director.
The General Authority of the Suez Canal Economic Zone governs the SCZone, a self-sustaining 461 km2 industrial development zone which invites investors from around the region and the world and is also home to major energy projects.