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First Russian industrial zone overseas to be implemented in 2021

February 11, 10:48 UTC+3

The first Russian industrial zone will be established in Egypt

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MOSCOW, February 11. /TASS/. The Russian Government intends to implement the first project on establishment of the industrial zone overseas, according to National Projects papers posted on the website of the Russian Government on Monday.

The first Russian industrial zone will be organized in Egypt. The intergovernmental agreement regulating parameters of the special zone was signed on May 23, 2018.

The Russian industrial zone project stipulates establishment of a special zone with preferential fiscal conditions for Russian resident companies. The zone will be located in the east of Port Said in Egypt.

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