Cairo's New Suez Canal is an artificial waterway in Egypt that connects the Mediterranean Sea to the Red Sea. The canal was opened in August 2015 and is considered a major milestone for the country's economy. The canal is a major source of income for Egypt, as it is a major shipping route for international vessels.

The canal is located in the Ismailia Governorate of Egypt and runs parallel to the original Suez Canal. It is approximately 120 kilometers in length and has a depth of 24 meters. The canal has the capacity to accommodate up to 20 vessels simultaneously and can handle up to 97 vessels a day.

The canal is equipped with modern technology to ensure safe navigation. It has a radar system, a navigational system, and a communications system. It also has an automated system for controlling the flow of ships.

The new canal has been beneficial for the economy of Egypt, as it has increased the amount of trade and commerce in the country. It has also created new employment opportunities in the country, as well as increased the number of tourists visiting Egypt.

The new Suez Canal has also been beneficial for the environment, as it has reduced the amount of pollution in the area. This is due to the fact that ships no longer have to wait in line, and they can travel through the canal more quickly.

The new canal has been a great success for Egypt and has been praised by many international organizations. It is expected to bring in more revenue for the country and is expected to be a major contributor to the country's economy in the coming years.