30 Russian Firms pursue Investment Opportunities in Egypt

A Russian mission encompassing 30 firms is to visit Egypt Sunday to discuss available investment opportunities in the Egyptian Market, Industrial Development Authority’s (IDA) vice chairman Magdy Ghazy announced.

Ghazy told Amwal Al Ghad that the delegation is to visit Attaqa in Suez as well as north Fayoum to review investment privileges to establish industrial zones in one of those areas in the upcoming period.

The official added that IDA would organise a visit for the Russian delegation to the two areas within the upcoming two days.

During the visit, the Russian delegation is set to discuss the investment incentives provided by the Egyptian government for investors to invest in the industrial zones.

Industrial Development Authority has determined that the industrial zone will be established on a space of 2 million metres to include a number of vital industries, notably engineering industries, food industries, Chemicals and pharmaceuticals.