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You are here : World News – Russian opinion» Economy» UAE to put money into Russian tech – official

UAE to put money into Russian tech – official

Posted By Russian Opinion. Under Economy  Tags: 'tech, invest, official, Russian  

The nation can be keen to cooperate in house, inexperienced vitality and medication

The United Arab Emirates is eager to put money into Russian high-tech firms and to host their consultant places of work, Deputy Financial system Minister Abdullah Ahmad Al Saleh stated on Friday.

Talking on the Made in Russia discussion board, he famous that Russian tech firms which he had visited had demonstrated a excessive stage of growth. “They’ve supplied various innovations and new applied sciences that we wish to put money into, and we might additionally wish to have their headquarters in our nation,” he stated, including that it’s necessary to advertise start-ups.

Al Saleh has known as for mutual cooperation between the 2 nations in such areas as house, medication and inexperienced vitality, particularly highlighting Russia’s expertise in house know-how.

He additionally outlined additional plans to develop joint initiatives, saying that “we’re working within the fields of renewable vitality, [projects] associated to inexperienced economic system, and in addition creating enterprise in medical and pharmaceutical sectors. There are additionally plans to ascertain cooperation in telemedicine.”

Regardless of its shut ties to the US, the UAE has been cautious in its criticism of Russia, and in contrast to the US and the EU, has not imposed sturdy restrictions towards the nation.

READ MORE: Putin outlines Russia’s targets in world vitality market

Final week, Russia’s President Vladimir Putin met along with his UAE counterpart Mohammed bin Zayed Al Nahyan, in St. Petersburg. The leaders expressed Moscow and Abu Dhabi’s willingness to develop cooperation on all ranges.

Sheikh Mohammed famous that commerce between the 2 nations had risen from $ 2.5 billion to round $ 5 billion lately, regardless of the pandemic.

For extra tales on economic system & finance go to RT’s enterprise part

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