Dubai continues to attract investors from around the world. One of the key regions that continues to draw interest from investors is Russia. With the Expo 2020 win, Dubai’s economy has been growing rapidly and Dubai Airport Freezone Authority (DAFZA) has been actively promoting investment opportunities in Dubai to Russian investors.
World Expos take place every five years and these events attract millions of people. As the host of the 2020 event, Dubai will be organizing cultural events, exhibitions and a range of other activities to look forward to. This will be the first time that a World Expo is held in the Middle East, North Africa and South Asia (MENA SA).
DAFZA has been targeting Russian businessmen and investors to the UAE through seminars aimed at raising awareness to investment opportunities in the UAE and supplementing bilateral relations between the two countries.
The seminar which took place at the Chamber of Commerce and Industry of the Russian Federation discussed the benefits of investing in Dubai. Speakers from the Russian Chamber of Commerce and Industry, Moscow Chamber of Commerce and Industry, Ministry of Economic Development of the Russian Federation and All Russia Public Organization spoke during the seminar. Owners of businesses from six Russian regions were represented at the seminar while authorities from the same regions participated via video conferencing.
Jamal Bin Marghoob, Director of the Marketing & Corporate Communications Department at DAFZA said that the seminar was part of DAFZA’s ongoing efforts to attract FDI and in line with the UAE's national strategy to attract investments to Dubai, through its sales & marketing strategy.
DAFZA has been targeting Aviation, Freight & Logistics, IT & Telecommunications, Pharmaceuticals, Engineering, Food & Beverage, Jewellery and Cosmetics sectors in Russia, to set up their operations at the freezone, as it has the ideal infrastructure, facilities and integrated solutions.
According to a recent statement by the Chairman of the Russian Business Council, Igor Egorov, Russia has the potential to increase the level of trade with UAE, at least five times higher.
Approximately 3,000 companies are currently operating in the Emirates, with trade turnover between the two countries reaching USD 1.5 billion in the first six months of 2013. Currently, the volume of Russian investment in the UAE is at approximately USD 57 million.
DAFZA is conveniently located next to Dubai International Airport. In addition to its prime location and attractive investment opportunities, international investors reap the benefits of dynamic growth through DAFZA's tax exemption and foreign ownership policies.
DAFZA has been targeting Russian businessmen and investors to the UAE through seminars aimed at raising awareness to investment opportunities in the UAE and supplementing bilateral relations between the two countries.