Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
Combat module containing neural networks may become series in Russia in 2018 — designerMilitary & Defense August 19, 10:44
YEKATERINBURG, July 11. /TASS/. Russia and Egypt will sign an intergovernmental agreement on setting up an industrial zone, which may become a platform for Russian companies to tap fast-growing African markets, Russia’s Deputy Industry and Trade Minister Georgy Kalamanov said on the sidelines of INNOPROM-2017 on Tuesday.
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. Russian carmakers, petrochemical enterprises, energy and medical companies are expected to locate their production facilities within the zone. The plan is to start operations in late 2018.
"The project on the creation of an industrial zone has come true over the past twelve months," Kalamanov said, adding that it is expected to become the first step to building infrastructure to bring Russian products to the African markets, while African markets will be more actively cooperating with Russian firms following the formation of an industrial zone.
According to the deputy minister, "Africa is currently in the spotlight, it is a serious market worth fighting for." He added that Chinese, US and European peers of Russian companies have strong positions in African countries now.
Kalamanov urged Russian firms to use the Soviet practices of tapping African markets and pledged to help through the Russian Export Center.