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Russian companies consider UAE as best place for business development, expansion

Russian companies consider UAE as best place for business development, expansion
24 Apr 2024 19:04

ABU DHABI (WAM)

Russian businesses consider the UAE market to be a potential hub for exporting to third countries, localising, cooperating, and trading with the countries of the Middle East and Africa.



In a statement to the Emirates News Agency (WAM) on the sidelines of a sectoral business mission organised by the Russian Export Centre (REC) on 24-25 April in Dubai, REC Representative in the UAE Jabbori Najibullah acknowledged the significant interest of Russian companies in the UAE market, as well as the interest from the Emirati side.



He mentioned the presence of guests and partners from the UAE Ministry of Economy, Masdar, Dubai Internet City and different commercial structures.



Anton Nazarkin, International Development Director in VisionLabs, mentioned that they consider Dubai the best place in the Middle East for opening the office. VisionLabs opened its office in Dubai in 2019. Nazarkin stressed that the UAE is the best place for business in terms of logistics and legal practices.



“We think that the government provides a lot of initiatives in terms of registering companies and conducting business from the free zones. We look forward to expanding our presence in the region through the UAE”, he added.



Alexey Khalezov, Head of Product at Neiry, said that the UAE market is very interesting for them because they develop innovative products such as brain-computer interfaces and hope to collaborate with local companies and producers.



Ivan Chernikov, Product Manager from Synera, acknowledged that the UAE is the best place to expand business.



“UAE is a very important international platform for the expansion of our business because we can find contacts, partners, new leads and new projects here for the expansion of our business”, he said.



Russian Export Centre (REC) is a state-owned exports sector development institute. REC consolidates a group of companies that offer a wide range of financial and non-financial support tools to Russian exporters. Two days of business-matching, thematic round-table meetings and pitching sessions will help Emirati guests get better acquainted with Russian products and breakthrough solutions.

Source: WAM
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