• Home
• /
• Markets
• /
• Business

UAE fims explore trade ties in Russia

Dubai - Dubai Exports also hosted business forums and bilateral meetings in Moscow and Saint Petersburg, with the support of the Union of Russian Chambers of Commerce.

Dubai Exports, the export promotion agency of the Department of Economic Development (DED) in Dubai, recently organised a five-day trade mission to Russia along with 36 UAE companies from diverse sectors.
During the mission, Dubai Exports led 18 UAE companies from the food sector to participate in World Food Moscow, one of the leading international exhibitions for the food trade. Camelicious, for camel milk and products, and Agthia were among the notable UAE participants at the World Food Moscow this year.
Dubai Exports also hosted business forums and bilateral meetings in Moscow and Saint Petersburg, with the support of the Union of Russian Chambers of Commerce. Participants explored prospects for cooperation in investment and trade between companies from the UAE and Russia in sectors such as pharmaceuticals, construction materials, cosmetics, food, detergents and consumer products.
Ali Ibrahim, deputy director-general of DED, said: "The UAE and Russia have been maintaining strong relations across various fields. The Dubai Exports trade mission and business forums held in Moscow and Saint Petersburg was part of ongoing efforts by the Department of Economic Development and its agencies to support local companies to leverage the trade and investment environment in the emirate for expanding their operations and products, regionally and globally."
The business forum held in Moscow was attended by a large number of Russian businesses and senior officials of the Union of Russian Chambers of Commerce as well as representatives of investment agencies and local institutions. The Saint Petersburg forum also attracted a high level of participation from the local business community.
Engineer Saed Al Awadi, chief executive officer of Dubai Exports, said: "Russia is one of the world's largest economies and a huge consumer market of 142 million people, which makes it an attractive target for UAE companies. Dubai is witnessing exports to Russian markets rising and a 31 per cent increase was seen in 2014 compared to the previous year."
Al Awadi said the members of the delegation were also briefed on the services provided by the Dubai Exports overseas office in Moscow. Dubai Exports provides exporters with necessary assistance in the local market while its overseas offices focus on potential in foreign markets and on promoting bilateral trade with such markets.
- business@khaleejtimes.com