Bilateral cooperation is booming despite Western sanctions on Moscow Cairo is working to attract more Russian investment and promote joint projects, according to the Egyptian General Authority for Investment and Free Zones (GAFI). The government body wants to facilitate foreign investment flows into the North African country. “Russia is present in many investments in Egypt. They invest in a number of industries, such as food, oil, and engineering,” GAFI chief executive Hossam Heiba told RIA Novosti during a press conference this week. Moscow and Cairo have been ramping up economic cooperation and saw trade turnove
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