{"id":629202,"date":"2018-05-24T04:10:08","date_gmt":"2018-05-24T04:10:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz\/"},"modified":"2018-05-24T04:10:08","modified_gmt":"2018-05-24T04:10:08","slug":"egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz\/","title":{"rendered":"Egypt and Russia finally sign contracts for USD 7 bn RIZ"},"content":{"rendered":"

<\/a> Egypt and Russia finally sign contracts for USD 7 bn RIZ:<\/strong> Trade and Industry Minister Tarek Kabil signed the contracts to establish the USD 7 bn Russian Industrial Zone (RIZ) on Wednesday, according to a ministry statement<\/a>. The long-awaited 50-year agreement will give 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, the ministry said. First phase construction of the RIZ is expected to cost around USD 190 mn, according to Reuters<\/a>. The signing took place on the sidelines of the Egyptian-Russian Economic Committee meetings.<\/p>\n

Also from the meetings: Egypt will start trade talks in September with the Russia-led Eurasian Economic Union<\/strong>, Kabil said yesterday, Al Masry Al Youm reports<\/a>. Kabil agreed with the union\u2019s Trade Minister, Veronika Nikishina, to create a specific roadmap and timeline for the negotiations to speed up the process. The agreement between Egypt and the union \u2014 which includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan \u2014 was in the final stages of drafting last August<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt and Russia finally sign contracts for USD 7 bn RIZ: Trade and Industry Minister Tarek Kabil signed the contracts to establish the USD 7 bn Russian Industrial Zone (RIZ) on Wednesday, according to a ministry statement. The long-awaited 50-year agreement will give Russian companies rights to develop a 5.25 mn sqm stretch of land […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629202","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"79e8778d-f039-46d7-9864-3c66c9a50907","order":"0","is_powered_by":true,"section_story_id":"e370e34a-ec9e-459b-a1d2-1ede0835d696","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629186],"teaser":"","voice_url":""},"yoast_head":"\nEgypt and Russia finally sign contracts for USD 7 bn RIZ - 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\/2018\/05\/24\/egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt and Russia finally sign contracts for USD 7 bn RIZ\" \/>\n<meta property=\"og:description\" content=\"Egypt and Russia finally sign contracts for USD 7 bn RIZ: Trade and Industry Minister Tarek Kabil signed the contracts to establish the USD 7 bn Russian Industrial Zone (RIZ) on Wednesday, according to a ministry statement. The long-awaited 50-year agreement will give Russian companies rights to develop a 5.25 mn sqm stretch of land […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-24T04:10:08+00:00\" \/>\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\/2018\/05\/24\/egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt and Russia finally sign contracts for USD 7 bn RIZ\",\"datePublished\":\"2018-05-24T04:10:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz\/\"},\"wordCount\":188,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/egypt-and-russia-finally-sign-contracts-for-usd-7-bn-riz\/\",\"name\":\"Egypt and Russia finally sign contracts for USD 7 bn RIZ - 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In another sign that we are nearing a contract on the Russian Industrial Zone (RIZ), Moscow will apparently be providing USD 9 bn in funding to companies looking to set up shop at the RIZ, officials at\u2026","rel":"","context":"In "Speed Round"","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":629266,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/russian-companies-in-line-for-a-piece-of-the-riz\/","url_meta":{"origin":629202,"position":1},"title":"Russian companies in line for a piece of the RIZ","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"Russian companies in line for a piece of the RIZ: Trade and Industry Minister Tarek Kabil met with representatives of 60 Russian companies in Moscow over the weekend to discuss potential investment in the long-awaited USD 7 bn Russian Industrial Zone (RIZ). Companies attending the meeting included vehicle manufacturer Sinara\u2026","rel":"","context":"In "Speed Round"","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":632298,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/07\/contracts-for-russian-industrial-zone-to-be-signed-in-march\/","url_meta":{"origin":629202,"position":2},"title":"Contracts for Russian Industrial Zone to be signed in March","author":"enterpriseam admin","date":"7 February 2018","format":false,"excerpt":"As for the Russian Industrial Zone (RIZ), look for contracts establishing it to be signed in March, spokesperson for the Russian Industry and Trade Ministry Zalina Kornilova said on Tuesday, according to Russian news agency RIA Novosti (Russian). Both governments have agreed on a draft of the intergovernmental agreement which\u2026","rel":"","context":"In "Speed Round"","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":628739,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/expect-ties-with-russia-to-get-a-major-shot-in-the-arm-this-week\/","url_meta":{"origin":629202,"position":3},"title":"Expect ties with Russia to get a major shot in the arm this week","author":"enterpriseam admin","date":"13 May 2018","format":false,"excerpt":"Expect ties with Russia to get a major shot in the arm this week: Foreign Minister Sameh Shoukry and Defense Minister Sedki Sobhi are heading to Moscow tomorrow for talks with their Russian counterparts. Security issues, including terrorism and the conflicts in Syria and Libya, according to a Foreign Ministry\u2026","rel":"","context":"In "Speed Round"","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":630658,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/contracts-for-the-russian-industrial-zone-to-be-signed-in-may\/","url_meta":{"origin":629202,"position":4},"title":"Contracts for the Russian Industrial Zone to be signed in May","author":"enterpriseam admin","date":"29 April 2018","format":false,"excerpt":"Contracts for the Russian Industrial Zone to be signed in May (with a very Russian Inshallah): \u201cWe hope that Egypt and Russia will sign the contracts establishing the Russian Industrial Zone (RIZ) at the end of May,\u201d Russia\u2019s Deputy Industry and Trade Minister Georgy Kalamanov, according to RT Arabic. 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Signed in Moscow in May last year,\u2026","rel":"","context":"In "Speed Round"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629202","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=629202"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629202\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629186"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629202"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629202"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}