Companies in Russian Industrial Zone Near Suez Canal May Start Operating Before 2030, Official Says

Companies in Russian Industrial Zone Near Suez Canal May Start Operating Before 2030, Official Says

"Strategically, we see this project as an entry point to both Egypt and the African continent," Russian deputy prime minister Alexey Overchuk noted.

Egypt's network of free trade agreements with multiple regions offers numerous investment advantages to participants and residents within the special economic zone, he mentioned.

Additionally, the introduction of Russian businesses in the Suez Canal area will bring benefit to the trade development between Moscow and Cairo, according to Overchuk.

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