The CEO of the Russian Direct Investment Fund, Kirill Dmitriev, stressed that the UAE’s flexible economy and its success in diversifying its economy will enable it to cope with economic crises. pointing out that there is an important opportunity for Emirati investors in the “Russia National Project”.
During a meeting with a UAE media delegation in Moscow, Dmitriev expressed his belief that the UAE will be an important space center. pointing out that there is an important opportunity for Emirati investors in the “Russia National Project”. In which Russia will pump $200 billion in infrastructure. Infrastructure, health, and other sectors.
Investments and projects
The CEO of the Russian Direct Investment Fund, Kirill Dmitriev, said during a meeting with a UAE media delegation in Moscow. That the UAE and Russia enjoy strategic relations that are growing tremendously. He explained that one way to clarify this strategic partnership is through investments. We formed a very good partnership with Mubadala Investment Company (Mubadala). One of the largest sovereign wealth funds in the world, and we have invested more than 45 transactions. Which have been made in Russia to date.
The economic development and the relationship between the UAE and Russia are very important. That there is a greater opportunity for cooperation. There is a meeting plan between our leadership and business leaders from Russia, and business leaders from the UAE. To see how to enhance investment cooperation.
He pointed to the cooperation with Abu Dhabi National Oil Company (ADNOC), in a joint venture, in addition to other Russian-UAE partnerships, which will benefit from the growth of the UAE economy. “We look forward to developing relations with the Abu Dhabi Investment Authority and with DP World to work on projects outside Russia,” he said.
Demetriev stressed that technology is another area of joint cooperation between the two countries, pointing out that the UAE is a highly developed country in the field of technology, attracting many of the best technology companies in the region, and has become a center of technology in the Middle East.
Russia National Project
Speaking of Russia’s National Project, which will make a big leap forward, Dimitriev will inject $200 billion into infrastructure, health and other sectors, pointing out that it is a good opportunity for UAE investors.
“We are also looking forward to good educational cooperation between the UAE and Russia. I know that Moscow State University is cooperating closely with universities in the UAE. As well as,We have a great cultural exchange. Our museums want to open exhibitions in the UAE. Cultural figures, which translated by tourism figures, and part of them are Russian tourists. ”
Dmitriev pointed to the risks lurking in the global economy, and unexpected things may occur. As well as a slowdown in its growth.
Which caused by
- Economic war
- Global events that increase this risk
The UAE’s flexible economy, and its success in diversifying its economy, will make it able to cope with economic crises. As it is similar to its previous experience, its economy is flexible, and was not affected by the low oil prices.
So is Russia, which weathered the crisis, so our cooperation will be important to face the next in the global economy.