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Suez Canal Authority (SCA) is an Egyptian state-owned authority which owns, operates and maintains the Suez Canal. It was set up by the Egyptian government to replace the Suez Canal Company in the 1950s which resulted in the Suez Crisis .
The Suez Company or Suez Canal Company, full initial name Compagnie universelle du canal maritime de Suez (Universal Company of the Maritime Canal of Suez), [1] sometimes colloquially referred to in French as Le Suez ("The Suez"), [2] [3] was a company formed by Ferdinand de Lesseps in 1858 to operate the Egyptian granted concession of the Suez Canal, which the company built between 1859 and 1869.
The Suez Canal (/ ˈ s uː. ɛ z /; Arabic: قَنَاةُ ٱلسُّوَيْسِ, Qanāt as-Suwais) is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia (and by extension, the Sinai Peninsula from the rest of Egypt).
The origin of its name 'Suez' traces back to its other founding entity – the Compagnie universelle du canal maritime de Suez founded in 1858 to build the Suez Canal. Suez S.A. was the result of a 1997 merger between the Compagnie de Suez and Lyonnaise des Eaux [ fr ] .
On 1 October 2017 Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars [8] and formed a new business unit called Suez Water Technologies & Solutions. Suez shares are listed on the Euronext exchanges in Paris and Brussels. On 14 May 2019 Bertrand Camus was appointed as chief executive officer of Suez. [9]
The largest wastewater treatment plant in Egypt is located in Gabal el Asfar to the Northeast of Cairo, serving about 9 million people and treating 2 million cubic meters per day in 2009. The plant discharges into the Belbeis Drain and then into Bahr El Baqar Drain (BBD), which in turn drains to Lake Manzala 170 km away from Cairo. The drain ...
The 14-state Multinational Force and Observers (MFO) currently oversees the terms of the peace treaty over the canal, which is owned and maintained by the Suez Canal Authority of the Arab Republic of Egypt. According to the international rules that govern navigation through the Suez Canal, Egypt cannot forbid any vessel from passing through the ...
Suez (UK: / ˈ s uː ɪ z /, US: / ˌ s uː ˈ ɛ z /, [3] [4] Egyptian Arabic: السويس, romanized: as-Suways, pronounced [esseˈweːs]) is a seaport city with a population of about 800,000 as of August 2021 in north-eastern Egypt, located on the north coast of the Gulf of Suez on the Red Sea, near the southern terminus of the Suez Canal.