The federal state unitary enterprise Rosoboronexport (the only state intermediary in the field of the export of Russian military products), brought to Cairo over 200 innovation projects and projects in the field of ecology, power engineering, machine-, machinetool- and ship-building, medicine, chemistry and the development of new materials.
Russian water purification and seawater desalination equipment evoked special interest among local businessmen.
In 2003, the volume of Russian-Egyptian trade and services reached $800 million. The Lada car assembling plant in Egypt have put out 2,800 cars, the Russian company LUKOIL is engaged in oil prospecting and oil production in Egypt. The Russian-German consortium Energomashexport-Silovye Mashiny-Siemens will start implementing a contract for the reconstruction of 12 generators of the hydropower station of the Aswan High Dam.
At present, representative offices of 15 Russian companies and enterprises are working in Egypt and their number will grow within the next few months.
Over half a million Russians spent their vacations in Egyptian resorts on the Red Sea last year.
