May 12, 2023
1 min read

Russian Minister highlights UAE’s industrial opportunities

Not only Moscow represented Russia at the Annual Investment Meeting, but also the Republic of Tatarstan….reports Asian Lite News

The Russian Minister of Economic Development Maxim Reshetnikov said that the UAE had adopted a “special policy” to support industrial investments, including creating special economic zones.

In a statement to the Emirates News Agency (WAM) on the sidelines of his visit to the Annual Investment Meeting (AIM) in Abu Dhabi, Minister Reshetnikov said, “We are interested in industrial cooperation in order to develop new technologies and create challenging products together.”

During the AIM, the Moscow Government organised the Moscow Investment Destination Forum. The session highlighted the investment-friendly ecosystem of Moscow in light of the city’s significant sustainable economic growth.

The moderator of the session, Minister of the Moscow City Government Sergey Cheremin, highlighted the high status of Moscow in global FDI confidence indices. On that score, he noted that Moscow’s bus fleet will be converted entirely to electric by 2030.

Maria Bogomolova, CEO of Moscow Agency of Innovation and one of the speakers, said, “Over the past ten years, Moscow has become one of the most innovative and digitally developed cities”.

“We have accumulated valuable experience in helping talented people to fulfil their potential, stimulating new partnerships, supporting start-ups, small and medium enterprises”, she added.

Not only Moscow represented Russia at the Annual Investment Meeting, but also the Republic of Tatarstan.

Deputy Chief Executive of Tatarstan Investment Development Agency Marina Epifanceva, in a statement to WAM, elaborated on the investment opportunities in her country. She mentioned that Tatarstan has a well-developed Sharia-compliant economy, especially in terms of finance, fashion, halal food and even halal medicine and hotels. She also added that many companies from Tatarstan opened headquarters in the GCC region.

ALSO READ: UAE, Tajikistan sign air transport services deal

Previous Story

UAE pushes entrepreneurship in green tech

Next Story

UAE leads global rankings in energy, water, infra

Latest from -Top News

Modi Eyes Trade Deals in Maldives

PM Modi will arrive in Maldives on July 25 which would be the second and final leg of his two-nation visit, following the visit to the United Kingdom, starting Wednesday….reports Asian Lite

Russia Strikes Back at EU

The Council of the European Union approved the 17th and 18th packages of sanctions on Russia on May 20 and July 18…reports Asian Lite News Russia has significantly expanded its entry ban

PM Modi Due in UK

PM Modi’s visit to the UK, scheduled for July 23–24, comes at the invitation of British counterpart Keir Starmer and will be his fourth trip to the country….reports Asian Lite News Prime

Victory First, Then Peace?

Katz stressed the importance of meeting the war’s goals as set, primarily the return of all Israeli hostages and the surrender of Hamas….reports Asian Lite News Israeli Defence Minister Israel Katz said

US Brings Up Old Claim, India Pushes Back

US Raises Trump’s India-Pakistan Claim at UN; India Reaffirms Bilateral Stand…reports Asian Lite News The US brought President Trump’s May claim of resolving the India-Pakistan conflict to the Security Council, but New
Go toTop

Don't Miss

Remote learning in Dubai as UAE to get more rains

 The Joint Weather and Tropical Assessment Team have met to

Economic growth FNC’s top priority

Sheikh Mohammed opens fourth ordinary session of the 17th legislative