Russia and the United Arab Emirates at the meeting of the intergovernmental Commission in Kazan signed a number of agreements, including on mutual abolition of visas.
In the framework of the 8th session of the intergovernmental Russian-Emirati Commission on trade, economic and technical cooperation, Minister of industry and trade of Russia Denis Manturov and the Minister of foreign Affairs and international cooperation of the UAE Abdullah bin Zayed al Nahyan signed an agreement on mutual abolition of visa requirements.
The press service of the Ministry of industry and trade of the Russian Federation
In the presence of Ministers of the Russian Federation and the UAE also signed agreements in the field of automobile industry between FSUE “NAMI”, PJSC “SOLLERS” company “Aurus” and “Tavazun holding”.
In the press release of the Ministry of industry and trade of the Russian Federation noted that during the talks was also achieved the agreement to intensify Russian-Emirati cooperation in the aviation industry and the oil and gas sector. Also discussed was the possibility of development of industrial and investment cooperation of the Russian Federation and the UAE in the implementation of joint projects in third countries. Denis Manturov invited the UAE to participate in the development of the Russian industrial zone in Egypt. It has also signed a number of bilateral documents in the field of investment and business partnership and the creation of “smart cities”.
Denis Manturov commented on the signing of the agreements, noting in particular that the company Tavazun holding company investing 110 million euros in the project Aurus, as well as informing about the intention to continue talks on expanding cooperation with UAE in 2019 under the global summit of production and industrialization:
“We already capture a significant increase in tourist flow from Russia to the UAE, which last year grew by more than 50%. And with the upcoming lifting of the visa barrier we also hope to increase the oncoming tourist traffic.
Today we are moving into a new phase of the project Aurus. Attraction of investments into the project from the company Tawazun in the amount of 110 million euros will contribute to its further development. Investments will be focused on the development and production of cars of class “luxury” civilian use under the brand Aurus and range of modern protected vehicles.
We expect that all the issues on the agenda of our cooperation, we will be able in a broad representative group to discuss next year during the Global summit of production and industrialization. I would like to thank our Emirati partners for supporting the initiative of Russia to hold a second summit in Yekaterinburg. Its main theme will be devoted to technologies that resemble natural ones. I am convinced that in this respect our countries will be created many new areas for joint growth.”