Russia seeks UAE cooperation in Egyptian market

Minister of Economic Development Maksim Oreshkin urged UAE businessmen to cooperate with his country for setting up an industrial zone in Egypt.

Oreshkin added at a joint investment forum that joint cooperation should also cover other economic projects in other Arab and African countries.

He confirmed that cooperation between the two countries will be successful on the markets of Egypt, North Africa and the Arab world, according to Novosti news agency.

Russia is planning to set up an industrial zone in the Egyptian Suez Canal Economic Zone at total investments of around seven billion dollars.