Russia plans opening industrial zone in Suez Canal

Maria Novoselova / Vestnik Kavkaza

Egyptian President Abdel Fattah al-Sisi on Sunday received visiting Russian Deputy Prime Minister and Minister of Industry and Trade Denis Manturov to discuss the project of a Russian industrial zone in the Suez Canal Economic Zone (SCZONE), as well as cooperation in the area of grain and food supplies, the office of the Egyptian president said.

The sides discussed the development of Russian investments and joint projects in Egypt in various spheres, in particular the construction of the El-Dabaa NPP, as well as the establishment of a Russian industrial zone in the Suez Canal Economic Zone, which will pave the way to joint projects in the area of production, production localization and export to the markets of many countries in various regions.

Apart from that, the sides discussed "cooperation in the sphere of grain and food supplies in light of the global crisis," the office added.

According to Egyptian presidential spokesman, Ahmed Fahmy, the Russian and Egyptian delegations "reiterated mutual commitment to the further development of bilateral relations in various spheres."

© Photo :Maria Novoselova / Vestnik Kavkaza
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