- Title: Russia and Egypt pledge to develop economic cooperation
- Date: 23rd October 2019
- Summary: SOCHI, RUSSIA (OCTOBER 23, 2019) (RUSSIAN POOL) RUSSIAN PRESIDENT VLADIMIR PUTIN AND EGYPT'S PRESIDENT ABDEL FATTAH AL-SISI SHAKING HANDS PUTIN ENTERING MEETING ROOM OFFICIALS WAITING VARIOUS OF SISI GREETING OFFICIALS IN MEETING ROOM VARIOUS OF OFFICIALS TAKING SEATS (SOUNDBITE) (Russian) RUSSIAN PRESIDENT VLADIMIR PUTIN, SAYING: "We have large projects on the go that you and I have both agreed, including the nuclear power station, an industrial zone in Egypt, we are working very actively in these areas. I am talking about investments of 190 million dollars in the development of infrastructure and attracting up to 7 billion dollars." MEETING IN PROGRESS (SOUNDBITE) (Arabic) EGYPT'S PRESIDENT ABDEL FATTAH AL-SISI, SAYING (ACCORDING TO OFFICIAL TRANSLATION): "Regarding the Russian industrial zone, we are very keen in speeding up the process of realising this project in the Suez Canal area. We are also very interested in finding solutions to all the unresolved issues surrounding this project so that Russian companies and businesses can come, get registered and start operating in this zone." RUSSIAN DELEGATION / EGYPTIAN DELEGATION
- Embargoed: 6th November 2019 08:37
- Keywords: Russia Africa Egypt Putin Sisi Lavrov
- Location: SOCHI, RUSSIA
- City: SOCHI, RUSSIA
- Country: Russia
- Topics: Diplomacy/Foreign Policy,Government/Politics
- Reuters ID: LVA001B2BIY4N
- Aspect Ratio: 16:9
- Story Text: Russian President Vladimir Putin and Egyptian President Abdel Fattah al-Sisi discussed joint projects between the two countries on the sidelines of the Russia-Africa summit in Sochi on Wednesday (October 23).
The projects include the construction of the El Dabaa Nuclear Power Plant and Russian Industrial Zone in Egypt.
In May last year, the two leaders signed a 50-year agreement to build a Russian industrial zone east of Port Said as part of the new Suez Canal Economic Zone.
The Kremlin has said that it expects 47 African leaders to attend the Russia-Africa summit, which is part of Moscow's push to increase influence and business in the continent.
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