Cairo, Ramadan07, 1439 May 23, 2018, SPA -- Egypt and Russia signed an agreement to establish a Russian industrial zone in Egypt in the area of the Suez Canal, as part of the meetings of the Egyptian-Russian Joint Committee at its eleventh session currently held in the Russian capital Moscow. The agreement was signed by Egyptian Minister of Trade and Industry Tarek Kabil and Russian Minister of Trade and Industry Denis MANTUROV. The agreement aims at increasing bilateral cooperation in the field of industry, enhancing investment opportunities and ensuring favorable conditions for the development of industrial, scientific and technical cooperation between investment entities in both countries. --SPA 19:30 LOCAL TIME 16:30 GMT 0037 www.spa.gov.sa/w692971