Russia to invest $190 mln in infrastructure of industrial zone in Egypt

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Russia to invest $190 mln in infrastructure of industrial zone in Egypt
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Russian investments in an infrastructure of the Russian industrial zone in Egypt are estimated at about $190 million of public funds, the head of the Ministry of Industry and Trade Denis Manturov said.




“The planned Russian state investments in the development of the primary infrastructure of the Russian industrial zone will amount to about $190 million, the possible total amount of private investment for the project is estimated at $7 billion,” Manturov said at a meeting of the joint Russian-Egyptian Commission for Trade, Economic, Scientific and Technical cooperation in Moscow.

According to him, the industrial zone will allow building cooperation chains for large projects of Russian companies that are being implemented in Egypt.



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