El Sisi ratifies agreement with Moscow to build the RIZ: President Abdel Fattah El Sisi has ratified a 50-year agreement with Russia to establish the USD 7 bn Russian Industrial Zone, according to a copy of the decree published in the  Official Gazette. Signed in Moscow in May last year, the agreement grants Russian companies rights to develop a 5.25 mn sqm stretch of land in the Suez Canal Economic Zone, giving them a jumping off point to export to the rest of the region.

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