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.