At the meeting of Crown Prince Abu Dhabi, His Highness Sheikh Mohammed Ben Zayed and Russian President Vladimir Putin, a number of agreements were signed covering various areas of cooperation, including such sectors as energy, trade, tourism and aviation. At the same time, the total volume of commercial transactions is estimated at 1.3 billion US dollars.

The UAE and Russia signed preliminary agreements to expand cooperation in the aviation industry, thanks to which it is planned to open new flights to Dubai.

In recent years, Russia has become one of the fastest growing markets for the tourism industry in Dubai: the tourist flow from this country has grown from 240,000 in 2016 to 678,000 in 2018.

Russia was the seventh largest tourist market in Dubai during the first eight months of 2019 — during which time the city was visited by 407,000 people.

During the first six months of 2019, at the Dubai International Airport, Russia became the leader in passenger traffic. Of it, 293,100 people came to Dubai. Russia is followed by Saudi Arabia with a passenger flow of 201,138 people, then India (193,900 people) and Germany (89,416 people). In addition, the capital of Russia — Moscow — has also become one of the leading destinations for Dubai Airport, as the passenger flow from this city amounted to 165,367 people.

In general, in the UAE, guests from Russia sold 1.83 million number-days in 2018, which is 37.4% more compared to the same period last year. At the same time, for the first half of 2019, Russian tourists booked 555,000 number-days.

Over the past few decades, bilateral relations between the UAE and Russia have improved significantly. According to the UAE Ministry of Economy, non-oil trade between the two countries over the past five years has amounted to $ 14.1 billion.

At the same time, in 2018, the volume of trade not related to oil amounted to 3.4 billion US dollars, which is 36% more than in 2017 (2.5 billion US dollars).

More than 3,000 Russian companies are currently active in the UAE, mainly in industries such as real estate, trade, manufacturing and telecommunications. The total volume of Russian investments in the UAE amounted to 2 billion US dollars.


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