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Moscow, Cairo to Sign Deal to Establish Russian Industrial Zone in Egypt
Source: 5/19/2018

Russian industrial and trade ministry said Moscow and Cairo will sign in Moscow an agreement to establish a Russian industrial zone in Egypt. In a statement, the ministry said the signing will come during the joint governmental committee meeting due to be held on May 23.

It added the signing of a government agreement on the establishment of a Russian industrial zone in Egypt is an important outcome of the 11th meeting of the committee.

This will become a milestone in the development of bilateral relations, Sputnik news quoted the ministry as saying.

The implementation of this project is expected to stimulate the promotion of Russian high-tech products in large new markets in the Middle East, Africa, Europe and Latin America.

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