Moscow will spend $4.6 billion to build the ‘Sun City’ industrial zone within the Suez Canal economic area Moscow is planning on making a major investment to build a Russian industrial zone within Egypt’s new Suez Canal Economic Zone, the news agency TASS reported on Thursday, citing the Industry and Trade Ministry. According to the outlet, Russia will allocate 9.5 billion rubles ($97.4 million) in budgetary funds to the project by 2026, which is currently in the process of being ratified in the Egyptian parliament. The agreement to establish a Russian industrial zone in Egypt was signed in 2018. The ventu
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