To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Huawei ushers in 5G

Huawei today presented the first commercial 5G device. With the help of the Balong 5000 chipset, the...



Egypt will be built by Russian industrial zone



The project has been approved.



03.Feb.16 8:21 AM
By Anna Nekrasova
Photo Toinnov.com

   478

Egypt will be built by Russian industrial zone
In Egypt will begin construction of Russia's industrial zone. Its creation is stipulated by the Memorandum of understanding that was signed yesterday by the Ministers of industry and trade of the two countries Denis Manturov and the Terek Kabel.

It is reported that the industrial zone, in question, most likely, will appear next to the Suez canal in the East of the city of Port said. It is anticipated that the area will reach 2 million square meters.

Minister of industry and trade of the Russian Federation Denis Manturov said that the parties should provide a draft free economic zones financial and administrative way until early next year. The industrial zone will have eased the tax regime for Russian residents, which can be and the transport company.

In addition, it is known that after 1.5-2 years in Egypt is planned to start the construction of nuclear power plants using Russian technologies. In the near future can be signed a contract. This NPP is assumed to contain 4 units with a capacity of 1,200 MW.



Back to the list


Related Information: