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Africa, Southeast Asia and the Middle East: Deputy Chairman of the Board of VEB.Daniil Algulyan spoke about promising areas of Russian exports

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Africa, Southeast Asia and the Middle East: Deputy Chairman of the Board of VEB.Daniil Algulyan spoke about promising areas of Russian exports

Photo: SCO Press Service

Prospects for the development of economic relations with Egypt, the amount of investment in the project of the Russian industrial zone in the Arab Republic and new markets for Russian exports. The editorial board of "Made in Russia" talked about this and many other things with the Deputy Chairman of the Board of VEB.RF by Daniil Algulyan.

- How promising are economic relations with Egypt? - Egypt is a huge market.

This is more than 100 million people of the population and, in the current conditions, it is still the most important logistics hub. Therefore, of course, the cooperation of Russian companies and the Russian economy with Egypt will only increase. Egypt is a partner of a large number of countries and maintains very good economic relations with them. Supports agreements that provide low-duty trade, or a free trade regime. Thus, the creation of our production facilities in Egypt allows us to provide access not only to the huge Egyptian market itself, but also to the markets of several dozen neighboring countries. Therefore, of course, the topic of the development of our industrial zone in Egypt, the creation of industrial capacities, the creation of an industrial cluster there, it does not lose its relevance. Moreover, in the current conditions it is probably becoming even more important.

- What is the amount of investment in the project of the Russian industrial zone in Egypt?- It has not been disclosed yet.

That is, from the point of view of the funds that are allocated for the development of the infrastructure of the zone - they are provided for by the federal budget, and they are enough to implement the project. Currently, we have several dozen residents who are interested in this project developing, in placing their production facilities there. We are talking about investments worth hundreds of millions of dollars that will be made by Russian residents. Currently, we are waiting, in fact, for regulatory approvals within the framework of cooperation between Russia and Egypt. The ball, as colleagues from the Ministry of Industry and Trade rightly said today, is on the side of our Egyptian friends. We are waiting for the necessary steps on their part, and as soon as they are done, we are ready to proceed directly to the practical implementation of this project.

- And what export markets are the most promising for Russia now? - You know, I think that if we are talking about industrial exports, the export of high technologies, then our focus should undoubtedly be on the countries of Eurasian integration.

The countries of Africa and Southeast Asia are of great interest, and we still have something to sell to our colleagues in the Middle East and North Africa. From a logistical point of view, today markets such as Latin America are somewhat more complex. But, nevertheless, we have potentially quite good prospects there. A separate topic is the Chinese market. It is clear that they have their own rather large production facilities in the field of industrial products, consumer goods, but we see that over time we have certain new opportunities here as well.

- Which market are Russian exporters currently betting the most on? - Everything depends very much on a specific industry, even on a specific company.

But what we are seeing now is a sharp increase in the interest of our colleagues in investment and trade with our immediate neighbors from Central Asia. Uzbekistan is now beginning to play a very important role in this region for us, from the point of view of trade. His role is probably increasing and will increase even more. It is a very interesting market, but we are not yet fully using its potential — this is Iran.

Read more interesting news in our Telegram channelAuthor: Andrey Karabanov

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