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RIYADH: Saudi Arabia and Russia’s bilateral financial ties are set to get a brand new increase because the Kingdom is internet hosting the Made in Russia +Innoprom enterprise mission in Riyadh on Could 29 and 30.
In an interview with Arab Information, Anton Atrashkin, program director of the Innoprom Worldwide Commerce Present, mentioned that greater than 100 Russian firms could be part of the occasion to be held in Riyadh.
The delegation can be led by Russia’s Deputy Minister of Trade and Commerce Alexei Gruzdev.
Innoprom is the biggest Russian industrial exhibition that has been held for the final 14 years in Yekaterinburg.
The occasion goals to showcase superior applied sciences developed in Russia which can be prepared for use within the industrial sector.
“All of us are very excited to see the response and perspective of the Saudi enterprise group towards what we’ve got to supply. We’re actually making our very first steps within the blessed land of the KSA. For a lot of Russian delegates, will probably be their first journey to the nation. I might say that our enterprise mission is opening a brand new web page of bilateral financial relations,” mentioned Atrashkin.
Russian Helicopters, Transmashholding, Rostselmash Agricultural machines, Energy Machines, and Kaspersky are a number of the key firms taking part within the trade occasion.
Atrashkin additionally mentioned that Russian agricultural merchandise are getting well-liked within the Saudi market, and the occasion seeks to introduce Russian industrial applied sciences within the Kingdom.
Gruzdev mentioned the Russian-Saudi ties are primarily based on a robust basis, which can contribute to the event objectives of each nations.
Our enterprise mission to Riyadh goals to strengthen financial ties between Russia and Saudi Arabia.
Alexei Gruzdev, Russia’s deputy minister of trade and commerce
“Our enterprise mission to Riyadh goals to strengthen financial ties between Russia and Saudi Arabia, uncover new enterprise alternatives, trade concepts, and set up long-term partnerships,” mentioned the deputy commerce minister.
He added: “We’re notably grateful to the Riyadh Chamber of Commerce for internet hosting us in addition to to our Saudi companions from the Ministry of Trade and Mineral Sources and Ministry of Funding.”
Atrashkin mentioned that the infrastructure growth at present underway in Saudi Arabia, together with the giga-project NEOM, presents a possibility for Russian firms to showcase their potential to change into a part of the success story of the Kingdom.
“The entire world sees this mission (NEOM) as the best level of mankind’s ambitions. Many firms from Europe, the US, and Asia need to get a stake on this No. 1 mission of the twenty first century. Russian firms undoubtedly have many aggressive applied sciences in unmanned techniques, building, engineering, and software program merchandise,” added Atrashkin.
He mentioned that some enterprise leaders visiting Saudi Arabia as a part of this occasion are “ready to debate deep localization, being conscious of the alternatives (accessible in) 36 industrial cities managed by the Saudi Authority for Industrial Cities and Expertise Zones.”
The Saudi Authority for Industrial Cities and Expertise Zones, also called MODON, has been enterprise the event and supervision of business lands and built-in infrastructure in Saudi Arabia, and it oversees 36 present and under-development industrial cities throughout the Kingdom, along with non-public industrial services.
In accordance with Atrashkin, some areas the place Saudi companies can use Russian applied sciences embrace IT, engineering applied sciences for building industries, unmanned techniques for industrial and agricultural initiatives, and cybersecurity, to call a number of.
Through the interview, Atrashkin additionally lauded the reformatory measures launched by the Saudi authorities, which now permits overseas buyers to function within the Kingdom. He additional famous that Russian-Arab relations have all the time been cordial and deep.
I might say that our enterprise mission is opening a brand new web page of bilateral financial relations.
Anton Atrashkin, Program director, Innoprom Worldwide Commerce Present
“Once I witness the negotiations between the Russian and Arabic businessmen, I all the time word very heat attitudes towards one another. A real deep respect on your accomplice is a typical characteristic of our enterprise tradition. It really works properly and helps to keep away from many errors,” mentioned Atrashkin.
He additional mentioned: “I might additionally point out nice help from the Saudi authorities to make the financial system open — not solely to the Russians however to all of the companions of the KSA. The ambition of the Saudi authorities is to have the most effective infrastructure on this planet. This implies thousands and thousands of alternatives for the producers.”
A latest press assertion from Innoprom mentioned that Saudi Arabia is at present witnessing an actual industrial revolution, providing large alternatives for overseas buyers.
“Many consultants name the Kingdom of Saudi Arabia some of the promising companions. Immediately, an actual industrial revolution is happening in Saudi Arabia; dozens of business cities are bobbing up with particular regimes for overseas buyers. The Russian industrial expertise builders are on the lookout for methods to get contracts value multimillion {dollars} from the Kingdom,” it mentioned in a press assertion.
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