Saudi Arabia Hosts "Made in Russia + Innoprom" Business Mission to Strengthen Economic Ties

(MENAFN) Saudi Arabia and Russia are set to enhance their bilateral economic relations through the "Made in Russia + Innoprom" business mission hosted by the Kingdom in Riyadh on May 29 and 30. Over 100 Russian companies will participate in the event, which will be held in Riyadh, according to Anton Atrashkin, the program director of the Innoprom International Trade Show, in an interview with Arab News. The delegation will be led by Russia's Deputy Minister of Industry and Trade, Alexei Gruzdev.

Innoprom, Russia's largest industrial exhibition, has been a prominent event in Yekaterinburg for the past 14 years. The primary objective of this event is to showcase advanced technologies developed in Russia that are ready to be utilized in the industrial sector. The inclusion of more than 100 Russian companies in the mission underscores the significance of this opportunity for both countries.

Atrashkin expressed enthusiasm about the reception and interest of the Saudi business community towards the offerings presented by the Russian companies. This mission marks the beginning of a new chapter in bilateral economic relations, as many Russian delegates will be visiting the Kingdom for the first time. Atrashkin stated that the aim of the business mission is to open a fresh avenue for collaboration and cooperation in economic matters between the two nations.

Several key Russian companies, including Russian Helicopters, Transmashholding, Rostselmash Agricultural Machines, Power Machines, and Kaspersky, are participating in this industry event. Atrashkin highlighted the increasing popularity of Russian agricultural products in the Saudi market and emphasized that the event also seeks to introduce Russian industrial technologies to the Kingdom.

Deputy Minister Gruzdev emphasized the strong foundation of Russian-Saudi ties, which will contribute to the development goals of both countries. This business mission serves as a platform to further strengthen economic cooperation and explore opportunities for mutual growth and benefit.

The "Made in Russia + Innoprom" business mission represents a significant step towards deepening economic ties between Saudi Arabia and Russia. It provides a valuable opportunity for Russian companies to showcase their advanced technologies and explore collaboration with the Saudi business community. As both nations seek to expand their economic horizons, this event paves the way for increased trade, investment, and knowledge exchange between two influential players in the global economy.



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