Russian Industrial Zone
Minister of Foreign Affairs Badr Abdelatty met Monday with his Russian counterpart Sergey Lavrov in Moscow.
Zaki added that there are some developments regarding the Russian industrial zone agreement, as there are some amendments to the agreement.
The president also praised the bilateral relationssince the signing of the comprehensive strategic agreement between the two countries in October 2018.
During a joint press conference on Monday with Egyptian Foreign Minister Sameh Shoukry in Moscow, Lavrov said that Russian railway and oil companies have been operating in Egypt.
Mamish also referred that SCzone agreed to Russia's request to prepare the land necessary for establishing the project which is expected to provide 35,000 job opportunities.
The decree was published in the Egyptian Gazette on Jan. 23, 2019.
Over 30 Russian companies are participating in the food products exhibition that will be held on the sidelines of the Africa 2018 Forum.
The project is aimed at manufacturing high quality products and creating more job opportunities.
The Russian industrial zone in Egypt represents a great opportunity for the Russian companies seeking global markets for their products
RIZ is set to decrease unemployment in Egypt, increase foreign direct investment (FDI), increase production and establish Egypt as a trade hub.
The agreement was signed by Minister of Trade and Industry Tarek Kabil and his Russian counterpart Denis Manturov on behalf of their governments.
The project is worth $7 billion and will be established on an area of 5.25 million square meters.
The Russian Industrial Zone in Egypt will span over 5 million square meters and provide 35,000 direct and indirect jobs.
The Russian Industrial Zone in Egypt will span over 5 million square meters and provide 35,000 direct and indirect jobs.
A wrap-up for the most prominent business news of the day.
The Russian Industrial Zone will be established in East Port Said on an area of 5.25 square kilometers, to be built over three phases.
Putin did not announce the resumption of direct flights from Russia to Egypt, in contrast to what has been expected by the Egyptian public.
Russian Foreign Affairs Minister Sergey Lavrov said that he wished to start talks in September over giant projects between both countries.
