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Egypt and Russia advance plans for Russian Industrial Zone in SCZone
via Egypt Today1 min read
Russia's Ministry of Industry and Trade has informed the Egyptian government of the selection of an industrial developer for the Russian Industrial Zone in the Suez Canal Economic Zone SCZone. Egyptian Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty stated that this selection will accelerate the zone's activation, attract Russian investment, and facilitate the start of operations. This development follows discussions held with Russian officials and company representatives during Abdelatty's visit to Moscow in April 2026. Russian Minister of Industry and Trade Anton Alikhanov acknowledged Egypt's efforts in establishing and operationalizing the zone, citing legislative reforms and investment incentives. Alikhanov reaffirmed Russia's commitment to the project and to enhancing bilateral trade and investment cooperation.
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This summary was AI-generated from a story originally published by Egypt Today.
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