Russian official: REC plans to open offices in Egypt, 16 other states next year

CAIRO, Dec 13 (MENA) - Andrey Slepnev, the director of the Russian Export Center Group, plans to open offices in 17 countries, including Egypt, next year.

The 17 countries include South Africa, Vietnam, India, China, Singapore, Iran, Turkey, the UAE, Italy, France, Uzbekistan, Kazakhstan, Belarus and Finland

The measure is meant to boost Russian exports to these markets, he said in statement to MENA before leaving Egypt late Wednesday.

Meanwhile, he hailed the development of the Suez Canal Zone which is vital for the global logistic infrastructure as it links European, African and Asian markets.

He said developing the Suez Canal Zone and establishing an adjacent logistic center will help save time and cost of cargo transportation across the world.

He noted that a Russian business team which visited Egypt over the past two days to attend Russian-African cooperation talks aimed at having direct contact between Russian exporters and potential African partners.

The Russian team sought to clinch agreements for exporting Russian products to Egypt and other African states, he said.

He noted that the government's investment in the first stage of the Russian industrial zone in the Suez Canal Zone is estimated at dlrs 190 million.

He quoted Russian Industry and Trade Minister Denis Manturov as saying that the total Russian investments in the zone are expected to hit dlrs 7 billion.