Trade minister briefs Prime Minister on results of Russia’s visit

CAIRO – 26 May 2018: Trade Minister Tarek Kabil briefed Saturday Prime Minister Sherif Ismail on the outcome of his visit to Russia last week and other files being handled in the Trade Ministry.

Qabil said he discussed with the Russian side boosting cooperation in various fields, especially in the economic domain and pouring more investments in the Egyptian market, citing the steps taken to establish a Russian industrial zone in the Suez Canal Economic Zone.

All production units of the first phase of the leather city in Robiki, Badr City, have been completely allocated, Qabil said.

Around 47 factories have already started operation, he said, adding the operative factories are expected to rise to 70 by the end of 2018.

Concerning the Damietta Furniture City, the minister said the progress in utility works hit 70 percent, and up to 250 workshops were ready now.

Talks covered plans for revamping the Cairo International Conference Center in the Cairo suburb of Nasr City and developing the area in its vicinity.

The meeting also took up studies on the pros and cons of the new automotive legislation and its effect on the domestic auto industry.