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Sunday, 20 May 2018

What we’re tracking this week

Russian industrial zone contracts will be signed on Wednesday? Egypt and Russia will sign contracts for a 5.23 mn sqm Russian Industrial Zone on Wednesday, 23 May, during a joint committee meeting, according to a Russian trade ministry statement (Russian) issued on Friday. Foreign Minister Sameh Shoukry hinted at the possibility in an announcement last week. Work on the RIZ, for which talks started in 2014, is set to start this year and span 13 years.

A delegation from Russia’sRosatom Overseasis expected in Cairo next month to look into the possibility of upgrading the experimental nuclear reactor in Inshas in Sharqiya, Egyptian Atomic Energy Agency Atef Abdel Hamid tells Al Shorouk. This comes after the EAEA signed a follow-up contract to import fuel for the USD 21.37 mn reactor at the Atomexpo 2018 in Moscow.

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