Putin says UAE interested in participating in joint projects of Russia and Egypt
  • WORLD

  • 14:03 23 October 2019

Putin says UAE interested in participating in joint projects of Russia and Egypt

The United Arab Emirates (UAE) expressed interest in participating in joint projects of Russia and Egypt in the production sector, Russian President Vladimir Putin said at a meeting with Egyptian President Abdel Fattah al-Sisi on Wednesday. The Russian leader recalled that Moscow and Cairo are working on a number of projects, including establishing an industrial zone in Egypt, ONA reports citing TASS.

"We are working very actively in these areas. We want to invest $190 mln in infrastructure development and attract up to $7 bln," Putin said. "By the way, I recently visited our common friends in the United Arab Emirates. They are very interested in this joint project of ours and will also think about how they could fit into our joint development plans in the production sector," he said.

Putin noted that the Russian-Egyptian relations are developing very successfully, last year the trade turnover grew by 14% and reached $7.7 bln. "We have large projects underway, which we agreed on. This includes a nuclear power plant and an industrial zone in Egypt," he said. In addition, the countries have many projects in the field of infrastructure and transport, Putin said.

Speaking about cooperation in the foreign policy, Putin noted that the work of foreign ministries and special services of the two countries includes "many important issues related to the international agenda, the fight against terrorism, and organized crime".

Putin thanked al-Sisi for the support that Egypt provided in preparations for the Russia-Africa summit. "This is the first time we are holding such a large-scale event, and your support was extremely important and timely," Putin emphasized.

ONA

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