Nineteen Russian companies are interested in taking part in Egypt’s USD 7 bn Russian Industrial Zone, Russian Foreign Minister Sergey Lavrov said yesterday in a joint press conference with his Egyptian counterpart Sameh Shoukry in Moscow, Youm7 reported. Russian Industry and Trade Minister Denis Manturov said earlier this year that 20 Russian companies are keen to establish facilities in the economic zone.

The two ministers also discussed preparations for the Russia-Africa Summit scheduled to take place in Sochi this October, according to an Ittihadiya statement. The gathering will be co-chaired by President Abdel Fattah El Sisi and Russia’s Vladimir Putin. In an interview with Sputnik Arabic, Shoukry said Egypt is working hard to improve domestic security in order to restore Russian flights to Egyptian Red Sea resorts.

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