On the sidelines of the international economic forum “Russia-Islamic World: Kazan 2026,” Egypt’s Minister of Industry, Khaled Hashem, held expanded talks with Russian officials on boosting industrial, trade and investment cooperation between the two countries.
The meeting brought together Roman Chekushov, Russia’s Deputy Minister of Industry and Trade, and Oleg Vladimirovich, Deputy Prime Minister of the Republic of Tatarstan, to discuss ways to accelerate joint strategic projects and deepen bilateral economic ties.
The discussions were attended by Ahmed Maghawry, Assistant Minister of Industry for International Cooperation, Ahmed Shawky, head of the Egyptian Commercial Office in Moscow, Mostafa Lotfy, commercial counselor at the office, and Ahmed Medhat, counselor at the Egyptian embassy in Moscow.
During the meeting, Hashem praised the organization of the forum and accompanying industrial visits, stressing the depth of the historic and strategic relations between Egypt and Russia and the support these ties receive from the leaderships of both countries.
A key focus of the talks was the Russian Industrial Zone in the Suez Canal Economic Zone. Hashem said Egypt had already allocated around 300,000 square meters for the project’s first phase and was prepared to provide all necessary incentives and procedures to accelerate implementation.
He noted that Cairo was ready to coordinate immediately on any requirements needed from the Egyptian side to facilitate the project’s launch.
In turn, Chekushov said Russian companies were interested in expanding industrial investments in Egypt, highlighting the country’s modern infrastructure, extensive trade agreements and export capabilities, which he said positioned Egypt as a regional hub for Russian industry.
He added that the Russian Industrial Zone remained a strategic priority for Moscow, noting that work was underway to accelerate procedures related to the industrial developer in preparation for launching implementation during the next phase.
The two sides also reviewed opportunities for localizing Russian industries in Egypt, particularly in heavy equipment, engineering industries, petrochemicals, fertilizers, pharmaceuticals and energy-related equipment manufacturing.
The discussions further covered cooperation with major Russian companies in the manufacturing and assembly of industrial vehicles in Egypt to serve African and Arab markets, alongside collaboration in feeder industries, maintenance services and technical training.
They also toured several factories to review Tatarstan’s industrial development experience, particularly in technology-intensive industries.
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