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ST PETERSBURG, April 29 (Itar-Tass) - The United Arab Emirates (UAE), Iraq and Mauritanai will take part in Arabia EXPO in St Petersburg to demonstrate their business opportunities, deputy director of the Russian-Arab Business Council Vladislav Lutsenko said on Monday.
The Arabia EXPO will take place in St Petersburg from May 30 to June 1 simultaneously with the 11th session of the Russian-Arab Business Council.
Lutsenko said at least 15 Arab countries, including Algeria, Iraq, Lebanon, Sudan, Morocco, Egypt and Kuwait, confirmed their participation in the exhibition. Russia will present 50 exhibits at the level of regions and businesses.
Russia’s delegation will involve chairman of the Russian-Arab Business Council Vladimir Yevtushenkov and president of the Chamber of Commerce and Industry Sergei Katyrin. The Arab delegation will involve head of the Union of Chambers of Commerce, Industry and Agriculture for Arab Countries Adnan Kassar, UAE Economy Minister Sultan Bin Saeed Al Mansouri and representatives of the state structures of Sudan, Palestine, Bahrain and Oman. “In fact, there are the countries Russia shows interest in,” Lutsenko said, adding, “The contacts between Russian and Arab businessmen can be the pivot for determining further policy.”
Within the Business Council entrepreneurs will discuss cooperation in such areas as oil and gas, the infrastructure, construction and development, telecommunications, machine-building, agriculture and tourism.
Experts say in recent years trade turnover between Russia and the Arab countries has increased by 10 times and reached up to 15 billion dollars.