MOSCOW(Sputnik), Svetlana Alexandrova — Russian shipbuilding, logistic, petrochemical and agriculture companies have showed interest in helping develop industrial zones along the Suez Canal, Egypt's Ambassador in Moscow Mohammed Badri told Sputnik on Monday.
Egypt will inaugurate a new 44.7-mile lane of the Suez Canal on Thursday, part of which will run parallel to the existing waterway.
The package of projects, announced by President Abdel Fattah Sisi last August, involves building industrial hubs for logistic and ship services, and transforming cities along the expanded Suez Canal into centers of international trade.
A working group has been set up at the Egyptian Embassy in Moscow to provide outreach to Russian investors wishing to take part in the project.
The canal is a crucial waterway linking the Mediterranean with the Red Sea. Its first lane was launched almost 150 years ago and took 10 years to complete.
