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UAE: East is a place for profitable business

Preferential tax rates, a competitive economy, low import duties, an advantageous geographic position and the UAE’s desire to reduce its dependence on oil extraction through the development of other sectors – all of the above are the reason why Moscow doubled trade with the United Arab Emirates in 2021.

Photo: frantic00/Shutterstock/FOTODOM

The United Arab Emirates are a promising place for doing business. Besides the traditional oil and gas sector, the UAE has been energetically developing infrastructure, energy, transport and communication in recent years and has become a major trade and financial center of the Middle East. Due to the absence of problems in foreign economic relations between our countries, there are no quantitative, anti-dumping and other restrictive measures. 

MOSCOW’S INDUSTRIAL EXPORTS TO THE UAE GREW APPROXIMATELY 10.5 TIMES OVER TWO YEARS AND REACHED

462,15

MILLION DOLLARS AT THE END OF 2021

Moscow companies have been successful thanks to the accurate foreign economic policy: they timely responded to the emerging demand on a promising market and occupied lucrative product niches. For instance, in 2021, Moscow companies exported 14.76 million dollars worth of fluid transfer pumps in 2021, while exports did not exceed 100,000 dollars in 2020.

Moscow’s agro-industrial exports to the UAE stood at 7.2 million dollars. In addition, Moscow exported non-alcoholic beverages, chocolate products and whole grain foods to the country.

Overall iMPOrTS FrOM The uae TO MOScOw reacheD

111,21

MILLION DOLLARS in 2021

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