Africa  

Egypt, Russia sign agreement to establish industrial zone in Suez Canal Corridor

Source: Xinhua   2018-05-24 04:16:56

CAIRO, May 23 (Xinhua) -- Egypt signed on Wednesday an agreement with Russia to establish a Russian industrial zone in Suez Canal Corridor (SCC), Egyptian official MENA news agency reported.

The agreement was signed by Egyptian Minister of Trade and Industry Tarek Qabil and his Russian counterpart Denis Manturov on behalf of their governments.

According to MENA, the 50-year agreement represents a significant shift in Egyptian-Russian strategic relations as the deal is automatically renewable for five consecutive years upon the two parties' approval.

The agreement aims at bolstering mutual cooperation at the industrial level, increasing investment opportunities and creating an adequate environment for further technical and scientific cooperation between the two sides, MENA quoted the Egyptian minister as saying.

The industrial zone will be established on an area of 5.25 million square meters under the usufruct right system, Qabil noted.

The zone is expected to lure about seven billion U.S. dollars worth of investments.

The development of the Suez Canal Corridor is one of Egypt's ongoing mega projects that are supervised by the Suez Canal Authority and its Canal Economic Zone (SCZone).

Editor: yan
Related News
Home >> Africa            
Xinhuanet

Egypt, Russia sign agreement to establish industrial zone in Suez Canal Corridor

Source: Xinhua 2018-05-24 04:16:56

CAIRO, May 23 (Xinhua) -- Egypt signed on Wednesday an agreement with Russia to establish a Russian industrial zone in Suez Canal Corridor (SCC), Egyptian official MENA news agency reported.

The agreement was signed by Egyptian Minister of Trade and Industry Tarek Qabil and his Russian counterpart Denis Manturov on behalf of their governments.

According to MENA, the 50-year agreement represents a significant shift in Egyptian-Russian strategic relations as the deal is automatically renewable for five consecutive years upon the two parties' approval.

The agreement aims at bolstering mutual cooperation at the industrial level, increasing investment opportunities and creating an adequate environment for further technical and scientific cooperation between the two sides, MENA quoted the Egyptian minister as saying.

The industrial zone will be established on an area of 5.25 million square meters under the usufruct right system, Qabil noted.

The zone is expected to lure about seven billion U.S. dollars worth of investments.

The development of the Suez Canal Corridor is one of Egypt's ongoing mega projects that are supervised by the Suez Canal Authority and its Canal Economic Zone (SCZone).

[Editor: huaxia]
010020070750000000000000011105521372014481
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
中文字幕日本一区久久 | 日本免费一级一区二区三区 | 亚洲中文字幕永久在线不卡 | 亚洲高清aⅴ日本 | 色综合久久中文字幕综合网 | 亚洲白嫩在线观看 |