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Russia And Egypt Discussed Prospects Of Expansion Of Industrial Cooperation

 April 19, 2017 a meeting of the Russian Federation Minister of Industry and Trade Denis Manturov Minister of State Military Industry of Egypt Muhamedom Al-Assar . The sides summed up the results of the 4th session of the Industrial Group of the Joint Russian-Egyptian commission on military-technical cooperation, as well as discussed the promising areas of cooperation and implementation of joint projects.

Groups meeting took place on the same day under the chairmanship of the First Deputy Minister of Industry and Trade Gleb Nikitin and Muhameda Al Assar. Following the discussion the sides highly appreciated the level of cooperation between the two countries and expressed the hope that the activities of the new group will positively affect the interaction of the two countries not only in the military but also civilian industry.

"We intend to continue effective cooperation in all spheres. Ministry of Military Industry of Egypt is working in close cooperation with the various enterprises of the civil sector, in particular in the field of railway engineering, metallurgical, pharmaceutical and food industries. In this context, the Industrial Group is an effective mechanism for bilateral cooperation and promote the development of promising joint projects, including in civilian industries "- said Denis Manturov.

Ministers discussed increasing supplies of Russian automotive equipment for the needs of the concerned Egyptian authorities, as well as organizations in Egypt production of trucks, buses, ambulances and special vehicles, construction of storage facilities and grain processing, reconstruction and modernization of metallurgical enterprises, but also compared notes on course of implementation of the joint project of the Russian industrial zone in Egypt, which will be located near the eastern Port Said ny.

"I would like to emphasize that the creation of RPGs in Egypt is one of the core projects of our cooperation in the industrial sector. We are interested in the location in the territory of RPGs economically viable and profitable projects with a clear structure of financing that can be claimed on the Egyptian market and beyond. The work on the text of the intergovernmental agreement on the establishment and maintenance of conditions RPG activities, the signing of which we plan to go to the next meeting of the intergovernmental commission in September 2017, "- said Denis Manturov.

The parties have confirmed that the agreements reached will contribute to further development of bilateral cooperation.

 

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