Abu Dhabi Ports and Russia’s Trade and Economic Council have signed a Memorandum of Understanding (MoU) to strengthen trade links between the UAE and Russia and stimulate economic cooperation between companies from both countries.
The MoU will increase awareness amongst Russian companies about investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Port Free Trade Zone (KPFTZ).
Igor Egorov, honorary chairman of the Russian Business Council, said: “Since 2014 Russian foreign trade of non-oil products, in particular food and grains, have grown globally. The UAE plays a vital role as gateway for Russian products into the MENA markets.
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