Minister of Trade and Industry Tarek Kabil revealed that negotiations are ongoing between the Egyptian and Russian sides to resolve some issues regarding the Russian industrial zone. The Russian trade minister, Denis Manturov, revealed that Russia is expecting to sign the governmental international agreement with Egypt during autumn of this year. Kabil pointed out that the ministry has launched 11 million metres of industrial lands last year, which is more than what was launched over the past nine years. “There is high demand on industrial lands,” he said. He explained that free trade agreements cannot be seen only as trade, but also as investment.

Source: Daily News Egypt June 03, 2017 16:18 UTC