On Monday, the Suez Canal Economic Zone (SCZone) received a Russian delegation from the Russian Ministry of Industry and Trade and VEB.RF, A Russian state development corporation, at the authority’s main headquarters in Ain Sokhna. Accompanying the officials were representatives from Russian companies wishing to invest in the Russian Industrial Zone (RIZ). The delegation inspected the site for the upcoming RIZ and visited some existing industrial zones in the area. Egypt and Russia agreed in July to expand RIZ to East Port Said and Ain Sokhna. They also agreed to begin the first phase of Russian investments on an area of one million square meters in East Port Said and 500,000 square meters i
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