Abdullah bin Touq Al Marri, Minister of Economy and Tourism, affirmed that the UAE and Russian Federation maintain strategic relations grounded in mutual understanding and shared economic interests.
This statement was made during the 12th meeting of the Intergovernmental Russia–UAE Commission on Trade, Economic, and Technical Cooperation, held in Dubai and co-chaired by Abdullah bin Touq Al Marri and Anton Alikhanov, Russian Industry and Trade Minister, with participation from relevant government and private-sector representatives from both nations.
Bin Touq said, “The current session of the committee represents a new step towards building fruitful partnerships between the business communities and private sectors of both countries. It strengthens cooperation and provides support for entrepreneurs from both sides in a way that contributes to the growth and sustainability of their economies. Our cooperation focuses on new economy sectors and priority areas that serve the mutual interests of the two countries.”
He emphasized the committee’s key role in identifying promising opportunities within both countries’ business environments, highlighting the advantages of the UAE’s ecosystem, including flexible economic laws permitting 100 percent foreign ownership and an advanced business framework covering over 2,000 economic activities.
The committee’s agenda covered discussions on work plans and cooperation mechanisms across sectors such as investment, energy, industry and innovation, food security and agriculture, education, transport and logistics, tourism, sports and culture, environmental protection, healthcare, and other areas.
Both sides agreed to continue joint efforts to develop new mechanisms for economic cooperation in priority sectors and to support entrepreneurs from both countries, aiming to broaden the scope of economic collaboration between the UAE and Russia.
(Inputs from WAM)
