Contracts of promising Egyptian-Russian projects to be signed soon: Min.

SOCHI, Russia - 24 October 2019: Minister of Trade and Industry Amr Nassar said Wednesday that a number of promising Egyptian-Russian projects are in the pipeline and that he has discussed with the Russian side the final version of their contracts so as to have them signed in the near future.

These include the Russian industrial zone in Suez, the Dabaa nuclear power plant and some railway projects, he told Sputnik on Wednesday on the sidelines of the first Africa-Russia Economic Forum in Sochi.

“Very soon you will be hearing some good news about the industrial zone project,” he promised, saying that the delay in its implementation was due to some unfinished tiny details.

Speaking about reports on Russia’s contribution to building grain silos in Egypt, he said the decision regarding the matter is up to the Russian side. It is up to them to choose the areas in which they want to invest their money, he noted.

He called for increasing the volume of trade exchange between Egypt and Russia, urging the establishment of a joint strategic industrial partnership that is geared towards meeting the needs of the African market.