Cairo - Mubasher: An agreement is due to be signed this week allowing Russia to build an industrial park next to the Suez Canal, according to the Egyptian Trade Ministry.

The Russian delegation to the signing will consist of representatives from sixty companies. A Russian-Egyptian business forum has also been scheduled.

The decision to build the Russian industrial zone in Egypt was reached by Russian President Vladimir Putin and Egyptian President Abdel Fattah Sisi in 2014.

The negotiations were temporarily frozen after the terrorist attack on a Russian airliner on 31 October 2015 over the Sinai Peninsula.