{"id":558895,"date":"2021-08-31T03:52:09","date_gmt":"2021-08-31T03:52:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/"},"modified":"2021-08-31T03:52:09","modified_gmt":"2021-08-31T03:52:09","slug":"work-on-the-riz-to-start-by-early-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/","title":{"rendered":"Work on the RIZ to start by early 2022"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>The Suez Canal Economic Zone will begin work on the new and improved Russian <\/strong><strong>Industrial Zone (RIZ) by the beginning of next year<\/strong>, SCZone head Yehia Zaki<a href=\"https:\/\/ent.news\/2021\/8\/Russian-Zone.pdf\"><\/a><a href=\"https:\/\/ent.news\/2021\/8\/Russian-Zone.pdf\">said (pdf)<\/a> today during a meeting with a delegation of Russian companies interested in setting up shop in Egypt. Infrastructure work on the zone will begin in early 2022 at the latest following the signing of a contract that will create a company to manage the RIZ, he said. Zaki <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d29f4a19-66ce-4017-81cb-f62e96786181\">told Russian media<\/a> earlier this year that the zone would be implemented before the end of 2021.<\/p>\n<p><strong>A bigger, better RIZ: <\/strong>The two countries recently agreed to expand the area of the Russian zone, granting it an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a13e6dd-4aba-44b9-88de-d126e0d0b819\">additional 5 mn square meters<\/a> distributed between east Port Said and Ain Sokhna. The RIZ also marks Russia\u2019s first industrial zone outside its borders and it will enable the country to be present in African and regional markets. July\u2019s agreement also allows Russian companies to sell up to 100% of their locally-made products in the Egyptian market.<\/p>\n<p><strong>The Russians are in town:<\/strong> The delegation, which includes a number of officials along with representatives of Russian companies, are examining land and discussing with officials the potential for investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Suez Canal Economic Zone will begin work on the new and improved Russian Industrial Zone (RIZ) by the beginning of next year, SCZone head Yehia Zakisaid (pdf) today during a meeting with a delegation of Russian companies interested in setting up shop in Egypt. Infrastructure work on the zone will begin in early 2022 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":558896,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,125,270,3074,7103,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","tag-russia","tag-russian-industrial-zone","tag-suez-canal","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"cfb3c632-b073-4f14-b065-94c7292c6771","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/315.jpg","photo_position":"above","related_issue":[558889],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Work on the RIZ to start by early 2022 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Work on the RIZ to start by early 2022\" \/>\n<meta property=\"og:description\" content=\"The Suez Canal Economic Zone will begin work on the new and improved Russian Industrial Zone (RIZ) by the beginning of next year, SCZone head Yehia Zakisaid (pdf) today during a meeting with a delegation of Russian companies interested in setting up shop in Egypt. Infrastructure work on the zone will begin in early 2022 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-31T03:52:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/315.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Work on the RIZ to start by early 2022\",\"datePublished\":\"2021-08-31T03:52:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/\"},\"wordCount\":207,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/315.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"Russia\",\"Russian Industrial Zone\",\"Suez Canal\",\"Suez Canal Economic Zone\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/\",\"name\":\"Work on the RIZ to start by early 2022 - 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The companies signing\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601177,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/egyptian-russian-company-to-manage-the-usd-7-bn-riz-to-be-set-up-in-april\/","url_meta":{"origin":558895,"position":1},"title":"Egyptian-Russian company to manage the USD 7 bn RIZ to be set up in April","author":"enterpriseam admin","date":"20 February 2019","format":false,"excerpt":"An Egyptian-Russian company will be set up in April to operate and manage the planned USD 7 bn Russian Industrial Zone (RIZ), Suez Canal Authority boss Mohab Mamish said in a statement. The Suez Canal Economic Zone and the Russian authority for exports will also set up a joint committee\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601121,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/20-russian-companies-looking-at-russian-industrial-zone\/","url_meta":{"origin":558895,"position":2},"title":"20 Russian companies looking at Russian Industrial Zone","author":"enterpriseam admin","date":"19 February 2019","format":false,"excerpt":"Twenty Russian companies are keen to establish facilities in the planned USD 7 bn Russian Industrial Zone (RIZ), Russian Industry and Trade Minister Denis Manturov said, according to MENA. The remarks come days after Suez Canal Authority boss Mohab Mamish arrived in Moscow to finalize the agreement for the zone.\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631162,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/russian-business-delegation-to-visit-egypt-this-month-to-look-into-riz-development\/","url_meta":{"origin":558895,"position":3},"title":"Russian business delegation to visit Egypt this month to look into RIZ development","author":"enterpriseam admin","date":"12 March 2018","format":false,"excerpt":"A Russian business delegation is expected to visit Egypt this month to look into developing the USD 7 bn Russian Industrial Zone (RIZ), an unnamed government source tells Al Borsa. The 5.25 mn sqm zone will be built in three phases spanning 13 years, with work on the first set\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602018,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/egypt-receives-letter-of-guarantee-for-russian-industrial-zone\/","url_meta":{"origin":558895,"position":4},"title":"Egypt receives letter of guarantee for Russian Industrial Zone","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"Egypt receives letter of guarantee for Russian Industrial Zone: Egypt has received the letter of guarantee from Russia\u2019s Trade and Industry Ministry for the implementation of the USD 7 bn Russian Industrial Zone (RIZ) in the Suez Canal Economic Zone (SCZone), deputy SCZone head Mohamed Baraya said on Thursday. An\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622235,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/belarus-invited-to-take-part-in-russian-industrial-zone\/","url_meta":{"origin":558895,"position":5},"title":"Belarus invited to take part in Russian Industrial Zone","author":"enterpriseam admin","date":"29 November 2018","format":false,"excerpt":"Belarus invest in the USD 7 bn Russian Industrial Zone (RIZ), MENA quoted Belarusian Ambassador to Egypt Sergei Rachkov as saying, according to Belarus News. Rachkov said that his country is \u201cconsidering the possibilities,\u201d but did not offer further details. Russia had called on UAE businessmen earlier this month to\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=558895"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558895\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/558889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/558896"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=558895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=558895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=558895"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=558895"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=558895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}