Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
YEKATERINBURG, July 12. /TASS/. Russia’s industrial zone in Egypt will be launched in December 2018, according to the estimates presented at the International Industrial Exhibition, Innoprom-2016, in Yekaterinburg acting in charge of Russia's Industry and Trade Ministry on Tuesday. The estimates and the concept of the zone’s development were prepared by Rosengineering Project, the Moskva Technopolis and the Association of Industrial parks. The construction of industrial premises is planned for June 2018, the presentation says.
Russian Industrial Zone in Egypt, the managing company, will be set up in August 2017 while the project planning of the first stage of the industrial zone 80 hectares in size will be started in December 2017.
The companies involved in preparing the presentation assume that a total of $4.596 bln may be invested in the construction of the whole infrastructure complex in Egypt by 2035, according to preliminary estimates.
On February 2, 2016, Russia and Egypt signed a memorandum of understanding for the creation of a Russian industrial zone near the Suez Canal. Under the memorandum, the industrial zone, which will offer favorable treatment and preferences for Russian resident companies, will cover an area of 2 million square meters in the east of Port Said.