Manturov: Russia and UAE discuss expansion of cooperation in aircraft industry

16 November 2021

 

Russia and the UAE are discussing expanding cooperation in the aviation industry, said the head of the Russian Ministry of Industry and Trade Denis Manturov following the meeting of the tenth Russian-Emirati intergovernmental commission.


He also said that for 10 years Russia and the UAE have increased trade turnover by 10 times, Russia expects it to grow in the future.


"Today's meeting is the anniversary of our intergovernmental commission, during this period of time the trade turnover between our countries has increased 10 times. We can see that this year our trade turnover is also growing: already more than 80% higher than last year," said the minister. "Last year, despite the fact that it was accompanied by covid restrictions, was a record - almost $3.3 billion," he added.


"As for the directions: there are quite a lot of them, we cooperate in the aviation industry. Today we talked about the possibility of expanding cooperation in this part, which will contribute to the direction of high-tech development," said the minister, who co-chairs the intergovernmental commission.


Manturov also said that during his trip to the UAE he will visit the oil and gas exhibition ADIPEC in Abu Dhabi and Expo 2020. "This once again shows that we are extremely interested and the Emirati side in our bilateral and multilateral cooperation," he said.


"We count on the fact that the areas we are discussing today traditionally on the agenda - our business council is active and provides an additional inflow of opportunities and investments from the Emirates to Russia and in different directions and areas - will contribute to an increase in our trade turnover in the future," concluded the minister.

 

 

GSV "Russia - Islamic World"

Photo: official website of the President of the Russian Federation

Based on materials from TASS