The REC vice president has emphasized that this contribution of the development institute has fueled the phenomenal growth of trade between Russia and the UAE, which has reached almost 70%.
"The favorable economic ecosystem of the UAE makes the country highly attractive for localization and investment of Russian companies in this market. This is evidenced by the active participation of Russian exporters in exhibitions and business missions," Genkel said.
"In 2022, collective stands were organized at Arab Health, Gulfood, MiddleEast Energy, WETEX & Dubai Solar Show, and ADIPEC under the unified Made in Russia brand with the support of the REC Group. In addition, in 2023 the largest collective stand of Russian companies in the history of the exposition was organized at Gulfood, where products of 75 manufacturers were presented," he continued.
In addition, the REC VP highlighted the export support system developed by the Russian Export Center over the years, which accompanies companies through the entire export process, from conceptualization to contract negotiations and complex financial instruments. Genkel also revealed that in 2022, the Russian Export Center received a mandate not only for export support, but also for import support, providing the REC with the necessary tools that can be beneficial to UAE counterparts.
He also mentioned that the REC is digitizing its services for exporters on the "My Export" digital platform, making it easier and faster for companies to access support measures.