Home
Egypt: Establishing a Russian industrial zone in Suez Canal within months
Friday 25 October 2019 1:56
The project will be built on an area of 5.25 million square kilometers with investments of up to $ 7 billion (The Independent Arab)
[size=13]factory (The Independent Arab)
[/size]
[rtl]read more
[/rtl][/size][/size]
The project is Moscow's gateway to Africa ... attracts $ 7 billion in investment and provides 35,000 jobs
Mahmoud Abdo is a journalistFriday 25 October 2019 1:56
The project will be built on an area of 5.25 million square kilometers with investments of up to $ 7 billion (The Independent Arab)
[rtl]The launch of a Russian industrial zone project in the Egyptian Suez Canal topped the agenda of the Egyptian and Russian sides on the sidelines of the economic forum "Russia - Africa" currently held in the Russian city of Sochi on the Black Sea coast.[/rtl]
[rtl]In 2018, Cairo and Moscow signed an agreement to establish a "Russian industrial zone in Egypt", which is planned to extend over an area of 5.25 million square kilometers with investments amounting to $ 7 billion, to be implemented in three stages within 13 years since the signing.[/rtl]
[rtl]7 billion dollar investments
, said Amr Nassar, Minister of Commerce and the Egyptian industry, " the project is a real breakthrough for Russian companies to move towards African markets , " noting " the importance of promoting export - oriented projects that are held in this region through Egyptian products Russian joint manufacturing in Egypt can benefit from the exemptions Egyptian customs products enjoyed by African countries under the COMESA Agreement and the AFC FTA.[/rtl]
, said Amr Nassar, Minister of Commerce and the Egyptian industry, " the project is a real breakthrough for Russian companies to move towards African markets , " noting " the importance of promoting export - oriented projects that are held in this region through Egyptian products Russian joint manufacturing in Egypt can benefit from the exemptions Egyptian customs products enjoyed by African countries under the COMESA Agreement and the AFC FTA.[/rtl]
[rtl]Nassar added, on the sidelines of his participation in the Forum (Russia - Africa), "the region represents an important shift in the course of Egyptian-Russian economic relations, as it will contribute to the promotion of trade, industrial and investment cooperation between the two countries."[/rtl]
[rtl]The project will be built on an area of 5.25 million square meters. ".[/rtl]
[rtl]35 thousand jobs
continued, " the region will include the manufacture of competitive products that meet the Egyptian market needs of foreign markets , including high - quality technology products, which will make Egypt the fulcrum for the launch of Russian products to all world markets, especially the Middle East and Africa region."[/rtl]
continued, " the region will include the manufacture of competitive products that meet the Egyptian market needs of foreign markets , including high - quality technology products, which will make Egypt the fulcrum for the launch of Russian products to all world markets, especially the Middle East and Africa region."[/rtl]
[size=13]factory (The Independent Arab)
[/size]
[rtl]The Egyptian minister revealed that "26 Russian companies expressed their desire to invest in this region," explaining "the project will provide about 35 thousand direct and indirect jobs."[/rtl]
[rtl]Nassar stressed the possibility of benefiting from the "free trade agreement between Egypt and the countries of the European Union, which includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan to work in the Russian industrial zone in Egypt, as well as benefit from the agreement in free access to the region's exports to their markets."[/rtl]
[rtl]In a matter of months, for
her part, Minister of Planning, Follow-up and Administrative Reform Hala Said, that "the construction of the Russian industrial zone in the Suez Canal will begin within months."[/rtl]
her part, Minister of Planning, Follow-up and Administrative Reform Hala Said, that "the construction of the Russian industrial zone in the Suez Canal will begin within months."[/rtl]
[rtl]She added, on the sidelines of its participation in the economic forum "Russia - Africa", "the region is a gateway for Russian companies to participate, as Russian companies will benefit from preferential trade agreements between Egypt and African countries."[/rtl]
[size][size][rtl]read more
[/rtl][/size][/size]
Egypt opens the 4 largest tunnels under the Suez Canal to link Asia and Africa
The financial position of the Suez Canal Authority is uncertain
[rtl]Yahya Zaki, head of the Suez Canal Economic Zone, revealed the outlines of the establishment of a huge industrial complex in the Russian industrial zone in East Port Said to be established in the next few months.[/rtl]
[rtl]"The industrial complex will enable Russian exporters and suppliers to set up their own production centers near the promising markets in the Middle East and Africa," he said.[/rtl]
[rtl]He added, "We signed an investment agreement between a Russian company to mobilize and manufacture oils, possibly located in the Russian industrial zone, to establish a project with an estimated investment of $ 300 million, and is intended to export its products to African markets."[/rtl]
[rtl]In a parallel context, the Egyptian Suez Canal Economic Zone received Italian and Chinese delegations.[/rtl]
[rtl]The Chinese delegation discussed the establishment of an iron factory in the Ain Sokhna area on a large area inside the Suez Canal Economic Zone. On the nature of the region and visited a number of projects to determine the readiness of the region to set up the project.[/rtl]
» PARLIAMENTARY FINANCE DETERMINES THE CATEGORIES COVERED BY THE APPOINTMENT
» The Minister of Oil agrees with the President of Total on the timing of the implementation of five j
» Parliamentary: More than 80 Iraqi government companies have turned into losers, borrowing their sala
» The European Union calls on neighboring countries not to interfere in Iraq's affairs and offers coop
» In the presence of Nechirvan Barzani.. The start of the closed meeting of Plasschaert with the Kurdi
» The Iraqi parliament passes a law banning dealing with Israel, and Al-Sadr calls for street celebrat
» Nechirvan Barzani to Baghdad: If you are serious about considering the region as part of Iraq, let u
» Finance Minister: We are thinking of establishing new industrial cities and lifting restrictions in
» The House of Representatives rings the bell to start its regular session
» Chinese companies account for the largest share of Iraq's oil exports in a month
» Water Resources implements a "major" campaign to address water scarcity and completes the 300-well p
» Rumaila oil field and associated gas at the discussion tables in London and Paris
» Government Adviser: Counts the benefits of rising Iraq's reserves of the dollar
» Al-Kazemi: Iraq has become one of the most important countries in the Middle East in terms of econom
» The Minister of Finance acknowledges the "difficulty" of building industrial cities in Iraq: the exi
» A slight decrease in gold prices in the Iraqi markets
» Foreign remittances from the dollar in the bank auction increased by 90%
» Labor sets the national employment policy
» The federal government threatens to take measures towards the region
» Al-Maliki and his allies acknowledge the failure of the Al-Sadr containment strategy and agree to en
» "Frameworkers" are trying to convince the opponents within the bloc to stay Al-Kazemi for a longer t
» 120 deputies sign to withdraw the hand of the Minister of Industry: 24 corruption files and trillion
» Alia Nassif renews her demand for the dismissal of the Minister of Transport.. She asserts: His rema
» The resignation of the Minister of Natural Resources in the Kurdistan government
» A member of Parliamentary Finance talks about appointments, salary scale, and taxes
» Azem clarifies its position on the law rejecting normalization with the Zionist entity
» The judiciary is discussing with the Ministry of Electricity the legal solutions to the problems fac
» Al-Kazemi: The government has performed its duties, and we have succeeded in overcoming many challen
» Al-Zamili: The failure to obtain a political agreement between the blocs does not mean disrupting th
» Al-Rasheed Bank launches a new meal of advances for three categories
» Oil prices continue to rise cautiously
» Dollar exchange rates against the dinar
» Oil: discussions to raise the production of the Rumaila field to one million and 700 thousand barrel
» The Parliamentary Oil and Gas Committee decides to host the Minister of Oil and his agents next week
» To expedite the implementation of gas investment contracts... The Minister of Oil meets the CEO of T
» The Ministry of Labor decides to grant a gift of 100,000 dinars to insured retirees
» Iran: We made progress in recent talks with Saudi Arabia in Baghdad
» Dollar exchange rates in Iraq
» The UN Security Council between Baghdad and Erbil to resolve the oil dispute
» I warned of a new "October" .. Bloc: Rerunning the elections is in the interest of the people on con
» Baghdad awaits "white smoke" from Erbil.. Kurdish understandings are a Trojan horse to end the polit
» 120 deputies sign to withdraw the hand of the Minister of Industry: 24 corruption files and trillion
» Al-Kazemi: Iraq has become one of the most important countries in the Middle East in terms of econom
» Al-Zamili: The absence of a political agreement does not mean that the work of Parliament will be di
» "Severe penalties"... Disclosure of the most prominent contents of the "Prohibition of Normalization
» The Ministry of Oil announces the final statistics of oil exports for the month of April
» Iraq.. is subject to this condition.. Parliamentary Finance denies knowing the most important featur
» Washington's new ambassador to Baghdad sets out the first tasks she will perform in Iraq ,
» In The Document.. Al-Zamili Calls For Allocating An Amount In The “Food Security” Law To Convert Lec
» Parliament Will Host The Minister Of Education Next Week
» The Central Bank: The banking sector has withstood great challenges and witnessed positive growth
» Central Bank Governor: We will continue to support the banking sector to develop the Iraqi economy
» In The Presence Of Blackshart.. The Start Of The National And Democratic Meeting At The Headquarters
» The Housing Fund confirms the continuation of granting loans and warns against commentators
» Mulla Bakhtiar: President Nechirvan Barzani's initiative is important, and whoever reduces concerns
» He denounced the threats against Kurdistan .. the Iraqi Ummah Party: Its goal is to prevent the regi
» The framework talks about “surprises” and studies the renewal of Al-Kazemi in exchange for “guarante
» Al-Kazemi and his Bulgarian counterpart exchange invitations to visit Baghdad and Sofia
» The Council of Ministers issues “electrical” decisions and “water” recommendations and conducts an i
» Document.. The Iraqi parliament allocates its next session to vote on a law banning normalization wi
» Al-Kifah and Al-Harithiya close at a decrease in the exchange rate of the dollar
» Al-Rasheed Bank launches a new meal from an advance of 5 and 10 million dinars
» Davos leaders: Food crisis could lead to trade war
» For the second day.. gold prices stabilize in the Iraqi markets
» With revenues amounting to 10 billion dollars .. Oil announces its final exports for the month of la
» 24,000 random housing units: the deputy governor holds the Minister of Interior responsible for hous
» Education for the World Bank: Evaluating education is not your business
» Oil Minister: We signed contracts to produce 2,500 megawatts
» Experts call for an increase in marine fishing operations in territorial waters
» Erbil is “threatened” in conjunction with a Kurdish-Kurdish agreement, and the security of Kurdistan
» Al-Sadr is preparing to lead a resounding demonstration similar to the October uprising
» An oil official: Most of the southern fields produce associated gas
» Ali Allawi: Cash reserves will reach more than 90 billion dollars by the end of this year
» The rise in oil prices is supported by a lack of supplies and the possibility of increasing demand
» The rise in the price of the dollar in the local markets
» Rising food prices... Sanctions against these traders
» Oil prices are rising again
» The vote on “banning normalization” includes the agenda of Thursday's session
» Expectations to resolve the presidential file soon!
» Al-Sadr's deadline is in a countdown... and there are no signs of a consensual government
» After rejecting its governmental version, the Food Security Law returns to the front of the parliame
» The Agriculture Committee holds a meeting to discuss the summer plan for this season
» The Parliamentary Regions and Governorates Committee discusses the emergency support law proposal
» Parliamentary meeting to discuss mechanisms for implementing the instructions of the Teacher Protect
» Within a day.. the Central Bank of Iraq sells more than 220 million dollars in a currency auction
» Deputy: 80% of Iraq's factories have turned into "scrap iron".. 3 reasons behind the disaster - Urge
» PARLIAMENTARY LEGAL INCLUSION OF LECTURERS AND ADMINISTRATORS TO RESOLUTION 315 WITHIN THE 2022 BUDG
» Iraq Promises Iran To Pay Gas Debts Soon, And Tehran Offers Its Services To Solve The Problem Of Des
» The Council of Ministers holds its session headed by Al-Kazemi
» The Finance Committee sends an invitation to members of the House of Representatives regarding the p
» Parliamentary law sets the date for voting on the law criminalizing normalization with the Zionist e
» KTFA Members "News and Views" Monday Afternoon 5-23-2022
» Monday Night KTFA CC with Frank26 "Bird of Paradise: 5-23-2022
» Al-Bayati: The Kurdish House Will Join Any Coalition That Guarantees Its Interests... The Breakthrou
» A Deputy Calls For An Emergency Meeting After The “Al-Islah” Massacre.. 3 Big Question Points
» Al-Bolani Talks About “Agreement Week” To Produce A New Political Plan
» Calls To Open The File Of The Al-Halbousi Party’s Wealth: Its Headquarters In Baquba Is Worth One Bi
» Frustration Hits The Trio After 7 Months Of Failing To Achieve His Ambitions