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Russian Deputy Prime Minister visits Jebel Ali Port and Free Zone

United Arab Emirates: Thursday, January 24 - 2008 @ 16:06

He was received by Mr. Jamal Majid bin Thaniah, Group CEO Port and Free Zone World and Mr. Samir Chaturvedi, Executive Vice President, Jafza International, at the Dubai World headquarters.

Senior officials from Dubai World Group including Economic Zones World, DP World, Nakheel and IGY were present during the meeting.

Mr. Bin Thaniah briefed HE Sergey Naryshkin on Dubai World and its distinctive achievements and development plan in the field of ports, economic zones, real estate, tourism and leisure developments worldwide.

Welcoming the guests, Mr. Bin Thaniah said “Russia and Dubai have both witnessed burgeoning bilateral trade over the decades particularly in the last ten years. There has been a gradual shift from trade and tourism to high technology and bilateral commercial investments. Dubai World is honoured to receive His Excellency and his team and looks forward to working together to further strengthen our relations to reach greater heights.”

HE Sergey Naryshkin visited all major developments of the Dubai World including the Jebel Ali Port and Free Zone, the Palm, The World and other Major developments in Dubai.
Mr. Naryshkin said: “I deeply admire the Vision of Dubai’s leadership, the development and the growth achieved in the Emirate. I see many synergies between the Russian and Dubai economy and would like to see much larger cooperation between the two sides on the business front.

“I would like to see many more Russian entrepreneurs investing in Dubai to tap enormous business opportunities in the Middle East region. I also hope that dynamic organisations like Dubai World will invest in Russian development projects and participate in our growth plans.”

Mr. Mikhail Mishustin, Head of Federal Agency for the Development of Economic Zones in Russia made a brief presentation on tourism zones and port based free zones development plan in Russia.

Mr. Mishustin in the course of his presentation extended his invitation to Dubai World to invest in Russian economic zones and tourism projects.
Responding to HE Sergey Naryshkin and Mr. Mishustin’s invitation Mr. Bin Thaniah said: “Dubai World is excited about opportunities in Russia. We are keen to work with Russian Government and authorities in jointly developing world class infrastructure projects in Russia.”

The high powered Russian delegation accompanying the Deputy Prime Minister included Mr. Mikhail Mishustin, Head of Federal Agency for Management of SEZ, Mr. Boris Fedorov, Former Minister of Finance, Former Deputy Prime Minister, Founder of Investment Bank UFG and General Partner of Private Equity Fund, Mr. Alexey Overchuk, Deputy Head of the Federal Agency for Management of SEZ, Mr. Alexander Udodov, Head Representation of Company of International Business Magon Trading Corp, Mr. Vitaliy Kachur and Mr. Ryan Charles, Chief Country Officer, Russia, CEO of Deutsche Bank Russia, HE Ambassador Andrei Zakharov, Russian Ambassador to the UAE and Mr. Sergey Krasnogor, Russian Consul in Dubai.
The visit of the Russian delegation President Putin’s official visit to the UAE last year and highlights the growing business relationship between the two countries.

Business partnerships between the two sides will be enhanced further, especially following the Russian President’s recent decision to build at least ten free zones around Russia which is seen as a very potential area for strong cooperation between Dubai World and Russian Government.

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Thursday, January 24- 2008 @ 16:06 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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