Bogdanov told Sputnik that the record high level of trade between the two countries in 2022 brings the UAE to the leaders among the Arab countries in terms of this indicator and allows the UAE to “enter the top 20 leading foreign economic partners of Russia for the first time.”
He added, “Russian companies consider the UAE a convenient center for production and logistics to organize export supplies and import the required components, equipment and materials to Russia.”
“In particular, the establishment of a Russian industrial group in the Kizad Free Economic Zone near Abu Dhabi is seen as promising,” he said.
Two days ago, Humaid Mohammed bin Salem, Secretary-General of the Federation of Emirates Chambers, stressed the importance of activating and developing joint Emirati-Russian trade and investment relations in various fields, praising the distinguished bilateral and economic relations between the UAE and the Russian Federation and its positive impact on promoting trade, investments and partnerships.
During his meeting with Adil Gantsov, Deputy Minister of Investments, Industry and Science in Moscow Governorate, the Secretary-General stressed the importance of investing and developing relations between the two friendly countries to advance trade relations and raise them to the levels aspired by business owners on both sides, stressing that the Emirates Chambers will spare no effort in strengthening its relations with the sector. Russian private.
According to the official Emirates News Agency, Bin Salem called, during the meeting, for the UAE to be a center for the redistribution of Russian products in the Middle East and North Africa region, due to the important geographical location the UAE enjoys as an international trade meeting point, and trained expertise in all areas of business. and the facilities and incentives it offers to investors.
Earlier, the Russian Deputy Prime Minister and Minister of Industry and Trade, Denis Manturov, stated that the volume of trade between Russia and the United Arab Emirates has reached a record.
Manturov said in an interview with journalists that the volume of trade exchange between Russia and the United Arab Emirates in 2022 reached a record level, as it recorded a growth of 68 percent, equivalent to $9 billion.
Manturov explained that the volume of exports from Russia to the UAE increased by 71 percent, to $8.5 billion, and imports – by 6 percent, to reach $500 million.
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