Russia’s industrial capacity, scientific expertise and large domestic market could help reinforce the UAE’s position as a global center for capital, UAE Minister of Economy Abdulla bin Touq Al Marri said.
“Russia is a major industrial economy with competitive strengths in metallurgy, chemicals, engineering, agro-processing, IT and cybersecurity. These capabilities closely align with the UAE’s own industrial agenda. Russia’s industrial potential, scientific experience and broad market can bolster the UAE’s standing as a global hub for capital, logistics and entrepreneurship,” he said during the first Russia–UAE Business Forum in Dubai.
The minister added that the UAE offers strong advantages for Russian companies looking to expand their presence in the Middle East, as well as in African and Asian markets. “Our strengths in logistics, aviation, renewable energy and advanced services create an ideal environment for companies that want to localize operations, establish regional headquarters or pursue joint investment in new ventures,” Al Marri noted.
The first Russia–UAE Business Forum opened in Dubai on Wednesday. The event is held alongside the 12th meeting of the Intergovernmental Russia–UAE Commission on Trade, Economic and Technical Cooperation.
GSV "Russia - Islamic World"
Photo: Federation Council
Based on materials from TASS