St. Petersburg International Economic Forum (SPIEF’19) is the most important event in the world of the Russian and international economy and business. Read more for the results Russian Business Council in Dubai and Northern Emirates (RBC) achieved in the international trade and investments domain through participating in the event.
SPIEF'19 is a unique event not only for Russian business, but also one of the largest international platforms for exchanging views, and establishing new economic ties between most of the global countries. SPIEF has been held since 1997, and since 2006 it has been held under the patronage and with the participation of the President of the Russian Federation Vladimir Putin.
Within the framework of the main SPIEF program, a number of business events were held at the Forum venue, split across such thematic blocks: The Global Economy in Search of a Balance; The Russian Economy: Achieving National Development Goals, People First; and The Technologies Shaping the Future.
The last two blocks are of the biggest interest for the UAE, where residents' happiness is put at the forefront of government programs; and even a special Ministry of Happiness has been established, while all the most advanced, forefronted, and even fantastic technologies of the future are being implemented widely.
Naturally, Russian Business Council promoting Russian business in the countries of the Middle East and Northern Africa could not stay away from such a prominent event as SPIEF.
“We are confident that competitive Russian business needs competitive business organizations, both in Russia and in countries of domestic business interest. Moreover, such organizations already exist: Business Russia (All-Russia Public Organization), and the Russian Business Council in Dubai and the Northern Emirates (RBC) in the UAE ”, Oleg Lavrik, Vice President of the RBC and Head of the Investments Department at the Council, has noted.
In particular, SPIEF international forum became a platform for RBC to discuss the issues of small business integration into the urban economy; and both to present main investment advantages of the Middle East, namely, the UAE and Dubai, to the participants. It also shed light on the new opportunities that are opening up today for international entrepreneurs in the UAE and GCC countries.
Oleg Lavrik highlighted the advantages of Dubai as the main global investment destination. He emphasized the uniqueness of the favorable conditions existing in Dubai for various foreign businesses, and non-existent anywhere else in the world. These are the most “mild” tax climate, and one of the highest investment returns in the world, the uniqueness of the UAE’s location at the crossroads of most of the world's business routes, and both the 100 per cent business ownership for the foreign companies in the UAE, as well as recent quite sensational UAE government’s decision to grant permanent residency visas to large investors, not to forget, of course, of such an epochal business event as the World Expo to be held in Dubai in 2020.
The theses RBC provided on the today's main tasks and conditions for international business in the Middle East were supported by many forum participants.
Among these participants, all of which are absolutely worthy of highest attention, particular interest among visitors and other forum attendants was attracted to the projects presented by Turkish developer ANT TEQ, the company, which successfully develops its business in building and selling real estate in different countries. Managing partner of ANT TEQ, Güven Dündar, in his interview to Oleg Lavrik, highlighted the advantages of investing in the company's projects for international investors, whose interests at the forum were represented by RBC.
Besides, the intensification of previously developed agreements on the organization and implementation of partnership programs at organizing congresses and events similar to SPIEF in the GCC countries were among the results of mutual fruitful interaction between RBC and the International and Regional Cooperation Department at ROSKONGRESS, a non-financial institution and organizer of the SPIEF.
There was also a meeting held and attended by the RBC members and Andrei Slepnev, the new Director General of the Russian Export Center. The meeting aimed at the introduction of e-commerce tools and the latest IT-projects in the UAE. Another meeting with Kirill Ilichev, the Head of the Local Moscow Export Center, gave RBC the understanding of how various options for expanding the center’s activities to the Gulf countries can be implemented in life.
Another meeting of the RBC representatives with Alevtina Gribanova, Head of Corporate Business Department at Sberbank of Russia, financial partner of the aforementioned Russian Export Center, generated the ideas of further establishing of the so-called Accelerator introducing Russian companies to the export markets, like that of the GCC countries. The Export Accelerator is a system of educational, financial and non-financial measures aimed at supporting and accelerating the development of the companies’ export activities, including businesses not having yet carried out export supplies before.
Maria Zakharova, a Russian diplomat and member of the Collegium of the Ministry of Foreign Affairs of the Russian Federation, noted that SPIEF is a platform for entrepreneurs, whose success formula depends not on the redistribution of the country's wealth, but on growing professionalism, introduction of modern innovative technologies and management methods, strategic planning, increasing productivity and implementing social programs, that is, everything that is successfully embodied today in the UAE.
Igor Lavrik, co-chairman of the All-Russian Public Organization Business Russia, representing the interests of private companies, believes that the main goal of such events and the interaction of all branches of business in the economic sphere is the development of such standards that would help Russian entrepreneurs to integrate into the world economy as equal partners.
Today, the St. Petersburg Economic Forum has become the leading global platform for communication between business representatives and for discussion of key economic issues facing Russia, emerging markets and the world as a whole.
This year, SPIEF broke its own absolute record bringing together more than 19,000 participants from 145 countries around the world. The forum was attended by over 200 heads of major foreign companies and more than 700 heads of Russian companies.
To conclude, it should be noted that such events as SPIEF'19 not only help improving the investment climate and improve the regulatory environment, but also help creating mechanisms to support Russian industry at the foreign markets, as well as help attracting foreign investment to various countries, including GCC states.
In this video by Russian and International TV-channel RBK, SPIEF' participants share their vison and impressions of the event, emphasizing its global importance in solving many imoirtant economic and social issues, most of the world's countries have to face in the today's reality:
For more information on investing in the UAE and Dubai, please contact Oleg Lavrik, Vice President of the RBC and Head of the Investment Department at the Council:
Tel. in Dubai, UAE: +971 (50) 2528188 (Whatsapp, Viber, Telegram)
Tel. in Moscow, Russia: +7 (903) 2328080
Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE
Russia, Moscow, Schelkovskoe sh. 3, office 512