Russia unveiled the master plan for its industrial zone to Suez Canal Economic Zone during an official visit to Egypt on 14-16 November, Russian news agency Tass reports.
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Russian Industry and Trade Ministry official Roman Chekushov told the news organization that Egyptian officials “highly appreciated” the plans revealed by the delegation, which consisted of representatives of the ministry, state development finance institution VEB.RF, and Russian companies.
Russia and Egypt agreed the main terms of the project earlier this year, paving the way for work to begin on the site at the beginning of 2022. The two sides have settled the lease period, the size of the land plot, the rent price and the deadline for site preparation.
