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Egypt Cabinet approves agreement to establish $7 bln Russian Industrial Zone in East Port Said

The Russian Industrial Zone is expected to generate 35,000 job opportunities

 
Ahram Online , Wednesday 7 Mar 2018

The Egyptian Cabinet approved on Wednesday an agreement to establish a Russian industrial zone in East Port Said with $7 billion in investments, according to a Cabinet statement.

The zone, negotiations over which started in 2014, is set to be built on a 5.25 million square-meter plot of land over three phases.

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