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Elham AbolFateh

Egypt

SCA’s head finalizes procedures for establishing Russian industrial zone in Egypt

Monday 18/February/2019 - 02:57 PM
Suez Canal Authority
Suez Canal Authority Chief Mohab Mamish
Edited by Hassnein Tayea
Head of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZ) Mohab Mamish، heading an Egyptian delegation، visited Russia Monday to complete the executive steps for the establishment of the Russian industrial zone in Egypt.

The SCA head also visited the free economic zone in Dubna، located 130 km away from Moscow، where he was briefed on the working conditions in it and discussed enhancing cooperation between the two economic zones between the two countries with a view of maximizing the benefit of Russian expertise in this field.


During his visit، Mamish also signed a memorandum of understanding for cooperation between the Suez Canal Economic Zone (SCZ) and the special economic zone in Dubna.

The support provided by the political leadership of the two countries has had a positive effect on negotiations between the SCA and the Russian side، Mamish said، pointing to President Abdel-Fattah Al-Sisi’s decree ratifying the framework agreement.



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