ID :
29631
Tue, 11/11/2008 - 17:22
Auther :
Shortlink :
http://m.oananews.org//node/29631
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Lubna praises Russia's robust economic growth
Abu Dhabi, Nov 11, 2008 (WAM) - H.E. Sheikha Lubna bint Khalid Al Qasimi, Minister of Foreign Trade, has praised the efforts made by Russia to overcome challenges and re-emerge as a global economic power.
Delivering a keynote speech at the Second Russian Investment Roadshow, opened yesterday in Dubai, Sheikha Lubna said Russia once again takes centre stage, this time in our own thriving city of Dubai and in the most economically vibrant country in the Middle East.
"In 2007, Russia achieved a remarkable ninth straight year of growth, hiking its GDP by 8.1 per cent after averaging 7 per cent annually since 1999. Russia is once again one of the 10 largest economies in the world and the EU's third largest trading partner, and has thus become one of the greatest economic comeback stories of this century," Sheikha Lubna said.
"Russia's impressive rebound has naturally boosted business and investor confidence in its economic prospects. In fact, foreign direct investments to the country ballooned from Dh 53.7 billion in 2005 to approximately Dh 165.3 billion in 2007.
Russia continues to encourage overseas investors to capitalize on its investment advantages, which include easy access to countries of the Commonwealth of Independent States; a technology-savvy and skilled workforce; an emerging middle class with significant disposable income; a rapidly developing construction industry; a burgeoning services market; and a rapidly growing franchise sector. As the world's largest country in terms of area, Russia also offers abundant natural resources that remain relatively untapped and thus entice exploratory and extractive ventures."
Delivering a keynote speech at the Second Russian Investment Roadshow, opened yesterday in Dubai, Sheikha Lubna said Russia once again takes centre stage, this time in our own thriving city of Dubai and in the most economically vibrant country in the Middle East.
"In 2007, Russia achieved a remarkable ninth straight year of growth, hiking its GDP by 8.1 per cent after averaging 7 per cent annually since 1999. Russia is once again one of the 10 largest economies in the world and the EU's third largest trading partner, and has thus become one of the greatest economic comeback stories of this century," Sheikha Lubna said.
"Russia's impressive rebound has naturally boosted business and investor confidence in its economic prospects. In fact, foreign direct investments to the country ballooned from Dh 53.7 billion in 2005 to approximately Dh 165.3 billion in 2007.
Russia continues to encourage overseas investors to capitalize on its investment advantages, which include easy access to countries of the Commonwealth of Independent States; a technology-savvy and skilled workforce; an emerging middle class with significant disposable income; a rapidly developing construction industry; a burgeoning services market; and a rapidly growing franchise sector. As the world's largest country in terms of area, Russia also offers abundant natural resources that remain relatively untapped and thus entice exploratory and extractive ventures."
