Interfax reports that Russia’s largest infrastructure holding Natsproektstroy (NPS) is considering entering the Egyptian market to participate in infrastructure projects and subsequently localize production in the planned Russian Industrial Zone (RIZ).
NPS business development manager Denis Borisov told journalists that a Russian delegation had visited Cairo this week and the holding had been able to reach a partnership agreement with the Egyptian National Railways and National Authority for Tunnels.
“We agreed provisionally to sign a memorandum of understanding with National Railways and the National Authority for Tunnels. Going forward, we will exchange information and seek general points of entry in various projects,” he said.
