Egypt, Russia to sign an agreement to establish industrial city at Suez Canal Axis

Egypt is expected to sign an agreement to establish an Egyptian-Russian industrial city at the Suez Canal Axis Development project Mohamed Abou El Enein Chairman of the Egyptian-European Business Council.

He added that signing the agreement would be during Russian President Vladimir Putin visit to Cairo next Monday.

Abou El Enein has made those comments on the sidelines of Africa 2017 forum held from 7-9 December 2017 in the Red Sea resort of Sharm El-Sheikh, Under the auspices of President Abdel Fatah al-Sisi.

The Chairman of the Egyptian-European Business Council stressed the importance of drawing a master plan to establish a specialized industrial city in the Suez Canal Axis Development project in order to attract international companies.