26 May 2015 16:44

EXIAR ready to raise long-term funding for Egypt metallurgical plant modernization

CAIRO. May 26 (Interfax) - The Export Insurance Agency of Russia (EXIAR) is prepared to raise long-term finance to modernize a metallurgical plant in Egypt, the agency's general director, Alexei Tyupanov, said during a plenary session of the Russia - Egypt trade and industry dialog.

"On the condition that you consider Russian suppliers from the technological point of view as the main contractors for the project to modernize your plant, we, for our part, are prepared to arrange long-term finance for the project," Tyupanov said.