The planned Russian state investment into the development of primary infrastructure of the Russian industrial complex will be about $190 mln, Russian Minister of Industry and Trade Denis Manturov said. The projected amount of private investments throughout implementation is estimated at $7 bln, he added. In addition, Fifty-five Russian companies until present want to invest in the Russian Industrial Zone (RIZ) that is being constructed in the SCzone. The Russian industrial zone project stipulates creation of a special zone with preferential fiscal conditions for Russian resident companies. The zone will be located in the east of Port Said in Egypt and create 150,000 job opportunities. The process of creating a comprehensive industrial park will help Russian companies entering the market of Egypt, its close neighbors and other countries of the Middle East and African region. The trade exchange between both countries recorded $7.66 billion in 2018. Egyptian exports to Russia rose by 4.1 percent to hit $526.4 million against $505.6 million in the year before. The rise is driven by agricultural goods and industrial goods embodied in pharmaceuticals
