Russian delegation to visit Suez to study planned industrial zone
The New Suez Canal - YOUM7

CAIRO: A Russian delegation is to visit Egypt in May to discuss investments in the Russian industrial zone in the new Suez Canal project, stated Minister of Trade and Industry, Mounir Fakhry Abdel Nour.

“Cairo and Moscow agreed to establish a Russian industrial zone in Egypt as a part of Suez Canal Axis project, which will be carried out within one year, President Abdel Fatah al-Sisi announced in a press conference in Russia in August 2014.

Russian investments in Egypt amounted to $65.62 million in January 2013, with 383 Russian companies investing in the country. Meanwhile, Egyptian investments in Russia amounted to $13.7 million in December 2012, according to the State Information Service.

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