Today: 7 February 2025
12 May 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

‘Ozoum’ shines light on social change 

A groundbreaking Saudi television series is offering an unprecedented glimpse into the Kingdom’s social transformation, captivating domestic audiences and challenging long-standing perceptions, writes Pedro Carvalho  A groundbreaking television series is offering unprecedented

KCF Festival Unites Karnataka Talent in UAE 

Enthusiastic participants displayed Karnataka’s cultural legacy through various artistic performances, making the event a grand celebration of talent.   The 6th edition of the KCF UAE National Level Talent Festival, Prathibhotsava 25, was

SME growth in focus at UAE-South Africa talks 

Bin Salem highlighted that SMEs constitute over 75-80 percent of total enterprises globally…reports Asian Lite News   Humaid Mohammed bin Salem, Secretary-General of the Federation of UAE Chambers of Commerce and Industry

UAE unveils Green IP roadmap to boost innovation 

This three-month initiative seeks to enhance the country’s IP competitiveness while supporting its transition to a circular economy. ..reports Asian Lite News The UAE Ministry of Economy has introduced a new “Green Intellectual
Go toTop

Don't Miss

UAE slams external meddling in Arab affairs

The UAE on Monday issued a forceful rejection of external

UAE most popular destination for Indian tourists

The attraction of the UAE for Indian tourists is especially