Ministers and officials in the UAE government: The Services and Investment Trade Agreement with the Russian Federation contributes to the consolidation of the state’s position as a global economic center

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Abu Dhabi, August 8/ WAM/ Ministers and officials in the UAE government stressed the importance of the Services and Investment Trade Agreement with the Russian Federation and its role in strengthening joint cooperation frameworks, which contributes to consolidating the state’s position as a global economic center, expanding the foreign trade network, and supporting sustainable development in both countries, which reflects the vision of rational leadership in building economic bridges that push the wheel of growth and innovation.
The agreement includes vital sectors such as economics, energy, infrastructure, advanced technology and financial services, and opens up prospects for enhancing investment flows, facilitating the access of Emirati companies to a Russian market with about 145 million consumers, and also supports the ambitious goals of the Emirates for economic diversification.
His Excellency Mohammed bin Hadi Al -Husseini, Minister of State for Financial Affairs, stressed that the UAE continues to consolidate its position as an international economic and financial center by building strategic partnerships with major economies, which enhances the flexibility of our national economy and opens new horizons for future growth, praising the power of relations and partnership between the UAE and the Russian Federal, which represents a model for sustainable economic cooperation.

He also stressed the importance of the Services and Investment Trade Agreement between the UAE and the Russian Federation and its contribution to promoting sustainable economic development in the two countries, as it constitutes an important step towards developing the foreign trade network of the UAE, pushing the wheel of industrial expansion, and attracting investments, pointing to the role of the agreement in improving the access of the services sector in the country to advanced international markets characterized by high growth opportunities and a strategic location in the global trade system, as well as enhancing flows Investment, and enabling the private sector to build promising economic partnerships.

For his part, His Excellency Suhail bin Muhammad Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure, said that the agreement with Russia contributes to establishing the pillars of long -term cooperation in pivotal and main sectors such as energy and infrastructure, pointing to support the agreement for joint efforts in the field of transformation in the energy sector, and by benefiting from the experience of the UAE in the field of solar energy, wind energy and advanced technologies, we can work together to provide less expensive energy sources And more observance of the environment. “
He added that the agreement extends the paths of private sector partnerships, which allows a smoother flow of capital and exchange of knowledge, expressing his aspiration to explore the huge potential of mutual growth between our two countries.

For his part, His Excellency Dr. Sultan bin Ahmed Al -Jaber, Minister of Industry and Advanced Technology, affirmed that the signing of the Services and Investment Trade Agreement with the Russian Federation is in line with the vision of the rational leadership to enhance cooperation with the international community and build qualitative partnerships that contribute to diversifying the economy and promoting sustainable growth and industrial productivity, stimulating technological transformation and sustainability, and supporting economic diversification.
He added that this agreement opens promising horizons for new investment opportunities in sectors such as advanced manufacturing, chemicals and construction, as it contributes to enhancing innovation and increasing the flexibility of local supply chains, and supporting the opportunities for exporting high -quality Emirati products, while the agreement confirms our commitment to continuing to build bridges of cooperation, investment and growth, to advance the wheel of sustainable industrial development, in a way that accelerates progress to achieve our national targets It enhances our global competitiveness.

In turn, His Excellency Abdullah bin Touq Al -Marri, Minister of Economy and Tourism, said that the agreement represents an important step in our agenda for economic growth, as it allows Emirati companies a strengthening to a vital market that includes more than 145 million consumers, and stimulates the growth of small and medium -sized companies in the markets of the two countries, and revives the services of services by simplifying commercial procedures and reducing obstacles, as well as enhances mutual investment flows, which The access of major services exports, such as professional services and financial technology, stimulates the markets.
He added that the number of Russian commercial licenses operating in the UAE markets has reached more than 13 thousand licenses, with our keenness to continue working to enhance economic openness to the world and build fruitful economic and investment partnerships, in a way that supports the growth of the national economy and enhances its competitiveness regionally and internationally, in line with the targets of the “UAE 2031” vision aimed at establishing the state’s position as a global center for the new economy by the next decade.

For his part, His Excellency Mohamed Hassan Al Suwaidi, Minister of Investment, said that the agreement with the Russian Federation contributes to enhancing the position of the UAE as a global business center, expanding our free trade network, and supporting companies that focus on growing in reaching new opportunities in a promising economy.

He added that this agreement will help attract capital to our market, while we strengthen our role in supply chains between the north and the south, and will directly support investment flows and cooperation with the private sector, which helps our companies benefit from the established capabilities in manufacturing, food production, and sectors with high capabilities such as machines and chemicals, expressing his aspiration to establish a new era of cooperation that stimulates innovation and supports Sustainable economic growth for all parties.

For her part, His Excellency Dr. Amna bint Abdullah Al -Dahhak, Minister of Climate Change and Environment, said that the agreement with Russia highlights our joint commitment to environmental sustainability and climate initiatives, and through it we can enhance cooperation in vital projects that support sustainable agriculture and address urgent challenges, such as food security and the ability to adapt to climate change, and we look forward to seizing the opportunities available for close cooperation to achieve our goals Common environmental.

In turn, His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of Foreign Trade, stressed that the Services and Investment Trade Agreement between the UAE and Russia represents an important addition in the network of commercial partners of the UAE, which continues to expand to the most prominent markets around the world, noting that this agreement aims to enhance the growth of non -oil trade between the UAE and Russia, which amounted to 11.5 billion US dollars in 2024, an increase of 4.9% over 2023, and 76.3% on Annual basis in the first quarter of 2025.

He added that, along with the Economic Partnership Agreement with the Eurasian Economic Union, the Services and Investment Trade Agreement with Russia will contribute to removing unnecessary commercial barriers, and will greatly enhance our private sector’s access to a market of more than 145 million people, secure supply chains, and support efforts to achieve national targets in the services sector, pointing out that the agreement will enable services exporters to benefit from promising opportunities in the two markets, It will enhance the increase in foreign direct investment between the two sides, which supports the UAE’s commitment to promoting open and bases.

For his part, His Excellency Ahmed bin Ali Muhammad Al -Sayegh, Minister of State, said that the agreement with Russia represents an important station in the UAE’s commitment to enhancing international cooperation and achieving the common goals of sustainable growth, and this agreement is an extension of our policy in building strategic partnerships that enhance our position, not only in global supply chains, but in important global dialogues on trade, transformation in the field of energy, and developing advanced technology, explaining that this partnership is not It promotes the goals of our foreign policy only, but also open new horizons for cooperation in various sectors, especially in the fields of investment and services.

For his part, His Excellency Khaled Mohammed Al -Buma, Governor of the United Arab Emirates Bank, stressed that the Services and Investment Trade Agreement between the UAE and the Russian Federation constitutes an important step to embody the vision and directives of good leadership to enhance economic openness to the world, and to expand partnership relations with international blocs and commercial centers, to achieve development aspirations of the state, and to upgrade the leadership of the UAE globally.
He added that the agreement reflects the common will in both friendly countries to consolidate economic, commercial and financial cooperation, and to enhance bilateral efforts and initiatives in the financial services sector, including digital technical projects, innovative solutions in the field of advanced financial technology, and border payment systems, in a way that contributes to accelerating growth in the sectors of the new economy, and upgrading strategic partnership relations towards the most broaded horizons to achieve common interests.

For his part, His Excellency Ahmed Abdullah bin Laj Al -Falasi, Acting Director General of Customs and Ports Security at the Federal Authority for Identity, Customs, Customs and Ports Security said that the Services and Investment Trade Agreement between the UAE and Russia is an addition to a quality of the network of commercial partners of the UAE, as the state is a pivotal center for trade in the Gulf Cooperation Council region, and a vital portal for exports, indicating that the Federal Authority for ID and Nationality Customs and Ports Security welcomes the alignment of customs procedures with this important economic partner, and we look forward to working with our partners to facilitate access to markets, especially for the main sectors such as agriculture, trade, services, machinery and minerals.

He added that trade achieves the best successes when it is based on clear and agreed rules between the two parties, and this is another important step in our aspirations towards free trade.

For his part, His Excellency Abdullah Mohammed Al -Basti, Secretary -General of the Executive Council of the Emirate of Dubai, stressed that the Services and Investment Trade Agreement between the UAE and Russia represents a strategic step that enhances the state’s position as a global economic power and a vital bridge linking the various international markets, pointing out that the agreement contributes to facilitating the flow of trade between the markets of Eurasia and the rest of the world, in line with the aspirations of the state, by targeting the Emirate of Dubai Attracting 650 billion dirhams of foreign direct investment by 2033.
He added that the advanced infrastructure of the UAE and its strategic location as an economic, logistical and financial center, provides an ideal platform for enhancing cooperation with Russia in the vital sectors, providing qualitative opportunities to create jobs and attract various competencies, and this partnership also represents a catalyst for sustainable development and support for achieving the broader national goals in the areas of innovation and economic diversification in the region Eurasia.