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Thursday, 20 June 2019

RIZ can expect to see 100 new agreements signed this year

INVESTMENT WATCH- Russia predicts 100 new agreements for RIZ this year: There is growing interest among Russian companies to set up shop in the USD 7 bn Russian Industrial Zone (RIZ), with the Russian Export Center (which is managing RIZ) expecting to see 100 new agreements signed this year, according to statements by the center picked up by Russian state news agency Tass. “About 20 agreements have already been signed, we aim for 100 agreements this year,” REC chief Andrei Slepnev said at the Russia-Africa economic conference, currently taking place in Moscow. Forecasts from the Russian Industry and Trade Ministry suggest that the project may take up to 13 years to be fully implemented, but by 2026 companies will be able to produce USD 3.6 bn worth of products each year.

I can has direct flights now? The RIZ is wonderful. But you know what? We’re greedy. We’d like to see the resumption of direct flights from Russia to the Red Sea.

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