Tatarstan president asserts his country's keenness to develop economic relations with Egypt

CAIRO - 15 October 2018: Tatarstan President Rustam Minnikhanov asserted his country's keenness to develop economic and trade relations with Egypt, praising the depth of the two countries' relations under the support of their political leaderships.

Addressing the Egyptian-Tatarstan Business Forum, Minnichanov said Egypt could benefit from Tatarstan expertise in the fields of oil, energy, equipment, information technology, pharmaceutical and medical products.

He also said both countries have common religious relations as they are members in the Organization of Islamic Conference (OIC, urging the Egyptian side to to take part in the forum's next session that will be held in Tatarstan's capital of Kazan in 2019.

Tatarstan's president also said that his country is deeply interested in the advanced technologies and establishment of industrial cities. Tatarstan ranks second among federal Russian republics in the field of advanced technologies, non-technology and robotics.

Rustam Minnichanov also stressed the possibility of cooperating in the tourism and cultural fields, adding that as many as 55 Egyptian students are enrolled in Tatarstan universities.

The Tatrastan president highlighted that the volume of trade exchange between Egypt and Russia hit dlrs 6.5 billion during the period from January till August 2018, with a rise of 30 percent compared to the same period the last year.

The volume of Russian investments in Egypt reached dlrs 5 billion, mostly in the fields of oil, gas, petrochemicals and railway, he added.

The visiting Tatarstan president also noted that Egypt and Russia have agreed on setting up the first Russian logistics center in Egypt, a matter which could increase the volume of trade exchange especially that most Russian imports from Egypt are agricultural products.