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RUSSIAN INDUSTRIAL ZONE (RIZ) PROJECT IN EGYPT OFFICIALY STARTED


Egypt - Russia started working on establishing the Russian Industrial Zone (RIZ) in in the East Port Said region, Egypt. A 50-year agreement worth $7bn will give Russian companies rights to develop a 5.25m sqm stretches of land in the Suez Canal Economic Zone. The RIZ is planned to increase bilateral trade exchange, increase FDIs in the local market, positively impact the country’s economic growth, and create new job opportunities for Egyptians.

 

You may see more details about the RIZ project by clicking here

News Date: 30 / 10 / 2018
News Comments: 0




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