Cairo and Moscow in “the final stages” of talks over RIZ

Speaking of long awaited moves from Russia, Cairo and Moscow are in “the final stages” of talks over the USD 7 bn Russian Industrial Zone (RIZ), according to Federation of Egyptian Chambers of Commerce Secretary General Alaa Ezz. Suez Canal Economic Zone chief Mohab says negotiations over the RIZ are going to enter their final stages during the second half of the month, while the contracts for the zone will be signed sometime during 1H2018, Al Mal reports. Egypt is also scheduled to host a meeting of the Arab-Russian Business Council on 23 April, according to Ezz.