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Sunday, 29 April 2018

Contracts for the Russian Industrial Zone to be signed in May

Contracts for the Russian Industrial Zone to be signed in May (with a very Russian Inshallah): “We hope that Egypt and Russia will sign the contracts establishing the Russian Industrial Zone (RIZ) at the end of May,” Russia’s Deputy Industry and Trade Minister Georgy Kalamanov, according to RT Arabic. The trade and industry ministers of both countries are expected to meet in the second half of May for the Egyptian-Russian Economic Committee summit, where the RIZ will top discussions, according to Trade and Industry Ministry Tarek Kabil. Kalamanov had said back in July that the contracts would be signed by the fall, only for it to be revealed later that the Russians had halted talks altogether before again picking them back up later in the year. Kalmanov added on Thursday that he doesn’t expect RIZ to be up and running before next year. Middle East Confidential also has coverage.

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