Russian Export Center Group is ready to assist Russian companies, which are planning to enter the African market, Andrey Slepnev has stated at the Russian-Africa Forum, at the session dedicated to the experience with the Russian Industrial Zone in Egypt.
REC’s leader noted that the Russian companies often have a lack of information and experience to enter the new foreign markets, including those of Africa and the Middle East.
The Russian Industrial Zone in Egypt will be created based on East Port Said facilities in the Suez economic zone. The zone offers tax and customs duties benefits, the possibility for complete repatriation of the revenue by the residents. As of September 30, 25 Russian companies signed framework agreements to participate in the industrial zone. Those are the companies producing everything from agricultural equipment to petrochemical products and turbines.
Speaking about the interest rates, Slepnev recalled that there is a national project on international cooperation, which, in particular, provides for loan subsidizing. Exporters can count on loans at an absolutely competitive rate, including those in foreign currency, REC’s leader says.