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English news

26-Jan-2016

Egypt, Russia to sign MoU to establish industrial zone in Suez Gulf area

A Russian delegation headed by the minister of trade and industry is scheduled to meet Egyptian counterparts next week to sign number of MoUs between both countries, including a deal to build a Russian industrial zone in Egypt’s Suez Gulf area, Egyptian ministry of trade and industry stated on Sunday. The Russian delegation will include representatives of 60 major companies. The meeting marks the 10th session of the Egypt-Russia intergovernmental economic committee. The Russian Direct Investment Fund (RDIF) is also expected to agree with Egyptian banks to finance future projects to be carried out by private sector in the two states. (ahramonline)

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