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Thursday, 17 October 2019

Russian Export Centre to open offices in Egypt, 16 other countries next year: Official

The Russian government is investing $190 million in the first phase of a planned Russian industrial zone in the Suez Canal Zone, with total investments in the zone expected to reach $7 billion

MENA , Thursday 13 Dec 2018
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The Russian Export Centre is planning in 2019 to open offices in 17 countries, including Egypt, director Andrey Slepnev said.

Included among locations to host the new offices are South Africa, India, China, Singapore, Iran, Turkey, the UAE, Italy, France and Finland.

The goal is to boost Russian exports to these markets, Slepnev said in remarks to Egypt's MENA state news agency before leaving Egypt late Wednesday.

Slepnev hailed the development of an economic zone near the Suez Canal, saying the project to turn the area into an international industrial and logistics hub will save time and the cost of cargo transportation across the world.

The Russian government is investing $190 million in the first phase of a planned Russian industrial zone in the Suez Canal Zone, he said.

Russian's total investments in the zone are expected to reach $7 billion, Slepnev quoted Russian Industry and Trade Minister Denis Manturov as saying.

Slepnev said a Russian business delegation that visited Egypt this week to attend Russian-African cooperation talks aimed to open direct channels of communication between Russian exporters and potential African partners with the aim of boosting Russian exports to these markets. 

*This story has been edited by Ahram Online

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