Russia and Iran are accelerating their project to rival the Suez Canal – Middle East Monitor
▻https://www.middleeastmonitor.com/20220624-russia-and-iran-are-accelerating-their-project-to-rival-
It is inevitable that the project will reduce crossing through the Suez Canal, which is one of the main sources of income for the Egyptian state, as a study prepared by the Shipping Corporation of India estimated that the crossing would save one-third of the cost of going through the Suez Canal and more than half of its duration (23 days instead of 45 to 60 currently).