The Cairo New Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea. It was inaugurated in August 2015, and is part of the larger Suez Canal project, which also includes the expansion of the existing canal. The new canal is expected to double the capacity of the Suez Canal, allowing for more efficient and faster maritime trade between Europe and Asia.

The new canal is a project of immense importance to the Egyptian economy, as it is expected to generate an estimated $13 billion annually. It is estimated that the new canal will reduce the shipping time between the Mediterranean and the Red Sea by up to 12 hours. This will have a significant impact on global trade, as it will reduce the cost of shipping goods between Europe and Asia.

The new canal will also provide Egypt with a much needed boost to its economy, as it is expected to create up to 1.5 million jobs in the country. Additionally, the canal will also help to reduce the amount of pollution in the region, as ships will no longer need to wait in line for their turn to pass through the Suez Canal.

The new canal is a major milestone in the history of Egypt, and is expected to have a significant impact on the global economy. It is a testament to the country's commitment to progress and development, and will help to improve the quality of life for its citizens.