(MENAFN - Arab News) The Russian Business Council (RBC) in the UAE will organize a Russia-GCC Business Forum from Feb. 11-12 in Dubai. The two-day event will focus on promoting trade relations between Russia and the GCC countries
"This forum is a remarkable step toward the development of the already thriving business ties, which has led to signing a memorandum of investment worth 5 billion to establish partnerships in Russian infrastructure projects in 2013," said RBC Chairman Igor Egorov
Egorov also stated that the council is looking forward to attract more business leaders and projects into the joint business field, with the aim of creating new opportunities for economic cooperation, which is "a win-win situation that serves the interests of both countries.
The event, which is held in partnership with the Russian Arab Business Council, Dubai Multiple Commodities Centre (DMCC) and GPS Business Management, will see the participation of delegations representing various Russian regions, Russian establishments and infrastructure development companies, as well as prominent figures from the region represented by UAE Minister of Economy Sultan bin Saeed Al-Mansouri
There are around 3,000 registered Russian companies in the UA