Trade Representation of Russia in the Arab Emirates to facilitate promotion of Yenisey Siberia projects

Today, a video conference presenting the investment potential of Yenisey Siberia region for the officials of Trade Representation of Russia in the United Arab Emirates (UAE) was held. Representatives of Yenisey Siberia Development Corporation presented a series of investment projects of Krasnoyarsk Region, the Republics of Tyva and Khakassia that might be of interest to the Arab investors.

Director General of Yenisey Siberia Development Corporation Sergei Ladyzhenko spoke about the competitive advantages of the Yenisey Siberia regions for foreign investments, infrastructural specificity of the territories, export potential, and presented the Yenisey Siberia Comprehensive Investment Project.

Development Director of Yenisey Siberia Development Corporation Alexey Nikolaev made a speech on the economic potential of Krasnoyarsk Region and presented the investment projects of the region, including Krasnoyarsk High-Tech Valley Special Economic Zone and Siberia Agroindustrial Park Territory of Advanced Social and Economic Development. Executed under the Yenisey Siberia CIP, these projects are currently looking for residents, including foreign companies. Deputy Director General of the Corporation, Head of the Office in the Republic of Tyva Yevgeniya Khertek presented the investment opportunities of the Republic of Tyva, highlighted the resource abundance of the region and its profitable position with the access to the export mains of the Asian-Pacific Macroregion. Deputy Director General of the Corporation, Head of the Office in the Republic of Khakassia Mikhail Krutskikh spoke on the priority types of investment in the territory of Khakassia and emphasized the well-developed industry and tourism potential of the territory.

Trade Representative of Russian in the UAE Ara Melikyan presented the specificity of working with Arab investors and demonstrated the successful experience of involving the Russian Direct Investment Fund. According to Ara Melikyan, the Emirates will be primarily interested in the agricultural and agribusiness projects. “The Emirates run some programs on food production abroad to be exported and cater to the needs of the country food market. This is caused by the UAE’s growing population and the adverse conditions for agricultural development inside the country. For this reason, all the projects associated with food production appear more promising for gaining investment from the Emirates,” concluded Ara Melikyan.

Such projects may include modified potato starch, freeze-dried berries and functional beverages production, deep flax processing in Krasnoyarsk, as well as organizing in Khakassia berry material production for food and pharmaceutical industries and production of shock-frozen fruit and berries in Tyva. Moreover, the Emirates are interested in purchasing fertilizers, and the apatite and phosphorite fertilizer production project may also be attractive for the Arab investors.

Representatives of the Trade Representation of the RF in the UAE are ready to send a number of investment proposals from the Yenisey Siberia Development Corporation to the interested Arab countries, provide the tourism-related projects to the Chamber of Commerce and Industry of Abu Dhabi, and to continue collaboration with the Corporation in the promotion of the Yenisey Siberia investment projects.