From 2022, Russia will begin financing the construction of its own industrial zone in Egypt, and later such a mechanism can be distributed to other countries. On this forum “Made in Russia” told the first deputy head of the Ministry of Industry and Communist Party of Vasily Osmakov, RIA Novosti reports.
According to him, the idea of paying for the construction of factories in Uzbekistan, which seems to be an attractive place, seems to be a worthy consideration. Previously, the start of construction of the industrial industrial complex in Egypt was planned for 2020, but due to the pandemic, the deadlines had to move.
The Intergovernmental Agreement on the establishment of a special zone in the east of the East Port-Said with a facilitated tax regime for Russian residents of the country has concluded in 2018. Fully project want to be implemented for 13 years. It is planned that the company will receive rental holidays, preferential rates for energy resources and special tax regime.
In March of this year, the World Bank has disclosed data on debt of countries to other states as of the end of 2019. At that time, Egypt had more than half of the total debt of African countries of Russia – $ 495.5 million from 973 million.
In September 2017, Russian President Vladimir Putin said that Moscow wrote down to African debts totaling $ 20 billion. The term in which such a write-off was held, the head of state did not specify.