Egypt Works to Boost Trade With Russia, Investment Minister Says

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Egypt Works to Boost Trade With Russia, Investment Minister Says - Sputnik Africa, 1920, 25.09.2026
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Egypt Works to Boost Trade With Russia, Investment Minister Says

The countries, however, face challenges linked to regional and global circumstances, Egyptian Minister of Investment and Foreign Trade Mohamed Farid Saleh told Sputnik.

The situation could be improved by the development of the Russian Industrial Zone in the Suez Canal Economic Zone, the minister added.

The initiative is expected to:

🟠Attract Russian production and investment;

🟠Expand trade and re-exports;

🟠Connect Russian markets with those of the Middle East and Africa.

ℹ Earlier, Egypt's President Abdel Fattah El-Sisi said trade between the two countries exceeded $10 billion.

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