Cairo - Mubasher: The chairman of the Suez Canal Authority said that final contracts to establish a new Russian industrial zone in Egypt will be signed on 23 May, with investments of around $7 billion.
The region is currently focused on heavy industries such as buses and tractors, Mohab Mamish said in an interview with SkyNews Arabia.
As production is set to begin after a year and half or two years, distribution will be in both the Egyptian and African markets, Mamish noted.
