A senior delegation from Russia’s ministry of industry and trade is set to discuss the creation of an industrial zone in Egypt. The talks will take place during a two-day visit to Cairo, it was announced on Wednesday.
The delegation is headed by First Deputy Minister of Industry and Trade Gleb Nikitin; he is being accompanied by the heads of several major Russian companies. The proposed zone will be located in the area to the east of Port Said.
During the visit, Nikitin and his colleagues will meet with the Egyptian Minister of Trade and Industry, Tareq Qabil, as well as other ministers and officials, including the Chairman of the General Authority for the Suez Canal Economic Zone, Ahmed Darwish.
Russian news agency Sputnik said that the industrial zone is expected to focus on the production of trucks, tractors and chemicals, as well as reinforced-concrete products to be sold across Africa and the Middle East.