Egyptian President Abdel Fattah el-Sisi welcomed a Russian delegation led by Denis Manturov, who heads the Russian Ministry of Industry and Trade. The meeting took place in a climate of ongoing cooperation between Cairo and Moscow on major development projects across multiple sectors. The discussions focused on expanding Russian investment and advancing joint ventures that would deepen economic ties between the two nations.
Key topics included the progression of the Ed-Dabaa nuclear power project in Egypt and the establishment of an industrial zone within the economic zone of the Suez Canal. Officials noted that creating such an industrial hub would streamline production activities, encourage localization of manufacturing, and open pathways to exports toward a wide range of regional and international markets. The shared objective is to enhance industrial capacity and create opportunities for sustained economic growth through collaborative ventures and knowledge transfer.
In addition to energy and manufacturing cooperation, the conversations addressed grain and food security measures. The parties explored avenues to bolster supply chains and stabilize food availability in the face of ongoing global disruptions, with an emphasis on resilient, mutually beneficial arrangements that support regional stability and food security for consumer markets in both countries and their partners.
There was also discussion about the broader strategic intent behind the Suez Canal zone plans. The dialogue underscored how a Russian industrial presence in the region could accelerate project completion, facilitate technology transfer, and create a robust platform for joint research, development, and manufacturing that benefits multiple sectors. The potential for increased trade and investment activity is seen as a catalyst for deeper collaboration across energy, infrastructure, and industrial ecosystems in Egypt and neighboring economies.
Sergey Lavrov spoke about starting the development of a Russian industrial zone within the Suez Canal region, highlighting the long-term goals of strengthening regional supply chains and expanding the footprint of Russian industry in North Africa and the broader Middle East. The remarks aligned with efforts to integrate Russian industrial capabilities into Egypt’s economic modernization agenda, promote local production, and broaden export routes to diverse markets. Overall, the discussions reflected a shared interest in a more interconnected regional economy where strategic projects support growth, job creation, and technology exchange.