The Suez Canal Authority is an Egyptian government agency responsible for the management and operation of the Suez Canal. Established in 1956, it oversees the canal's navigation, maintenance, and development, ensuring safe passage for ships traveling between the Mediterranean Sea and the Red Sea. The authority plays a crucial role in global trade, as the Suez Canal is one of the world's busiest maritime routes. It collects tolls from vessels passing through, which contributes significantly to Egypt's economy. The authority also invests in infrastructure improvements to enhance the canal's capacity and efficiency.