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21 Aug 2019

Belarusian companies invited to operate in Russian industrial zone in Egypt

Belarusian companies invited to operate in Russian industrial zone in Egypt

MINSK, 21 August (BelTA) – Belarusian companies have been invited to become residents of the Russian industrial zone in Egypt. The project was presented in the Belarusian Industry Ministry on 21 August, BelTA learned from the Russian Export Center.

The key goal of the project is to open access to the market of Egypt, its neighbors, and other Middle East and African countries to as large a number of companies from Russia and the Eurasian Economic Union as possible. A complex industrial park will be established on an area of 525ha within the next five years. Its residents will be able to enjoy such advantages as proximity to the most important logistics channels, business operation rules, which are simplified as much as possible, and a one-stop shop principle for dealing with problems.

Director General of the Russian Export Center Andrei Slepnev, Belarusian Deputy Industry Minister Aleksandr Ogorodnikov, Russia’s trade representative in Belarus Yuri Zolotarev, representatives of Belarusian industrial companies (MAZ, BelAZ, Gomselmash, BMZ, BATE, and other ones) took part in the presentation.

Andrei Slepnev said: “We invite Belarusian companies to join us. In turn, we are ready to provide the necessary consulting support. It is a real opportunity to enter new markets and make your brand international. Belarusian-Russian projects can also be implemented in the future with assistance of mechanisms of the Russian industrial zone.”

The Russian Export Center registered a daughter enterprise – Russian Industries Overseas Egypt – in the Suez Canal Economic Zone in Egypt in early August. Apart from that, a pool of potential resident companies for implementing the first stage of the project has been formed. Belarusian companies have expressed interest in not only participating in the Russian industrial zone project but also in advancing cooperation with the Russian Export Center in other areas of trade and economic interaction.

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