Russia, Egypt talk establishing ‘Sun City’ industrial zone over 2,000 hectares worth US$4.6 bn

A project to establish a Russian industrial zone within Egypt’s Suez Canal economic zone is currently being discussed, Russian President Vladimir Putin said during his visit to the UAE pavilion at the St. Petersburg International Economic Forum.

The UAE President Sheikh Mohammed bin Zayed proposed tripartite cooperation between Russia, Egypt and the UAE.

Egyptian-Russian negotiations on the establishment of the Russian industrial zone began after a meeting between Putin and Egyptian President Abdel Fattah al-Sisi in Sochi in 2014.