Manturov expects growth in the economic relations of the Russian Federation and Egypt

Manturov expects growth in the economic relations of the Russian Federation and Egypt


This was stated by Denis Manturov on Monday at the solemn reception on the occasion of the opening of the Russian-Egyptian business forum in Cairo.

CAIRO, 1 Feb. Minister of industry and trade of Russia Denis Manturov expects to find new growth points in the Russian-Egyptian relations.

The Russian Minister arrived on 1 February in Cairo, where for two days is going to meet with the Egyptian President Abdul Fattah Al-Sisi and members of the Cabinet of Ministers, and will hold a meeting of the intergovernmental Commission.

“I hope that on the eve of meeting of our experts, as well as tomorrow’s meeting of the bilateral intergovernmental and other activities will help identify new growth points in the Russian-Egyptian trade and economic, industrial and investment cooperation”, — said Manturov on Monday at the solemn reception on the occasion of the opening of the Russian-Egyptian business forum in Cairo.

“I am confident that the implementation of such large-scale economic projects in Egypt, as the construction of a nuclear power plant in Dabaa, the creation of a Russian industrial zone and efficient funding mechanisms will increase the growth of trade and will contribute to the entry into the Egyptian market and competitive high-tech Russian products. Egypt should become a regional manufacturing leaders,” said Manturov.

The flights of Russian aircraft in Egypt were suspended on 6 November, after the terrorist attack on Board a Russian airliner A321 over Sinai, which killed 224 people. Rosturizm monitors, do the detours tour operators to send tourists from Russia to Egypt and Turkey.