We should have a Russian industrial zone agreement by fall: The Russian Industrial Zone in East Port Said’s signing is expected to take place by this fall, Russian Industry and Trade Minister Denis Manturov said, according to TASS. Trade and Industry Minister Tarek Kabil is reportedly set to visit Russia next month to finalize the signing. A framework agreement to set a timeline for the Zone is expected to be signed in June and will include 17 projects with USD 22 bn investments.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…