An agreement between Russia and Egypt could see the construction of a Russian industrial zone on the Suez Canal starting as early as next year. A memorandum of understanding was signed by the two countries in February this year, following discussions on the project, dating back to 2014. Russia's trade minister, Denis Manturov, said Egypt had set aside a plot of 80ha in Port Said, with a view to expanding this to some 2,000ha for the free-trade zone.
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