has participated in a seminar on boosting industrial cooperation between Russia
and Africa, and potential areas of cooperation.
Oct 23, 2019
of Trade and Industry Amr Nassar participated today in a seminar entitled:
“Collaboration in Industry: Potential Areas of Growth”, within the first
Russia-Africa summit, held in the Russian Black Sea port city of Sochi on
seminar discussed means to boost industrial cooperation between Russia and
Africa and areas of cooperation of most interest to Russian businesses and
minister said there is ample opportunity for expansion in establishing Russian
special economic zones (SEZs) in African countries, noting that it would
attract foreign investments to the continent, integrate local firms into global
value chains, promote export-oriented growth and create jobs.
“Such expansion would unlock Africa’s
commercial potential regionally and globally,” he added.
this respect, the minister cited the Russian Industrial Zone (RIZ) to be built
in the axis of the Suez Canal, which he said is “the best gateway for Russian
investments into the African market.”
he called for benefiting from Africa’s huge natural resources, through joint
African-Russian industrial ventures that would cater for the continent's needs
and export to regional and international markets.