Russia and Qatar discuss the expansion of business ties

The panel discussion, devoted to bilateral relations between Russia and Qatar, was held at the St. Petersburg International Economic Forum (SPIEF)


On behalf of Qatar, the discussion featured the participation of Salah al Jaidah, Member, Qatari Businessmen Association (QBA), Ahmad Bin Mohammed Al-Sayed, Minister of State, Chairman, Qatar Free Zones Authority, Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, Khalid Al Mannai, Executive Director, Al Mannai Corporation, Mohamed Althaf Veetil, Director, LULU Group International, Abdulaziz Bin Nasser Al-Khalifa, Chief Executive Officer, Qatar Development Bank.

At the meeting, Russia was represented by Yury Borisov, Deputy Chairman of the Government of the Russian Federation, Alexander Shokhin, President, Russian Union of Industrialists and Entrepreneurs (RSPP), Igor Bogachev, CEO, Zyfra Group, major Russian tech firm, Andrey Kostin, President and Chairman of the Management Board, VTB Bank, one of the leading banks of Russia.

Yury Borisov, Deputy Chairman of the Government of the Russian Federation:

“Qatar’s participation as a guest country in the St. Petersburg International Economic Forum is certainly a reflection of the special relationship between our two countries. It’s clear evidence of the fact that the multifaceted partnership and cooperation between Russia and Qatar, which continued uninterrupted even during the COVID-19 pandemic, is currently on the upswing. We’re pleased with the increasing momentum of expanding Russian-Qatari business ties that has been gained in recent years. One of our high-priority objectives remains improving the qualitative and quantitative indicators of our bilateral trade turnover. In 2020, trade turnover between Russia and Qatar grew by 22%.”

Alexander Shokhin, President, Russian Union of Industrialists and Entrepreneurs (RSPP)

“We’re seeing the ongoing development of cooperation – not only in the traditional fields, but in new areas as well. These areas include information technologies (IT), artificial intelligence (AI) and the training of highly-skilled workers for a variety of industries, as well as pharmaceuticals. We hope that the agreements reached at SPIEF will be transformed into real-world projects that are successfully implemented. We’re geared towards effective, pragmatic cooperation between the business communities of our two countries – including among small- and medium-sized business.”

Igor Bogachev, CEO, Zyfra Group

“While the world isn’t ready to abandon oil & gas quite yet, there are IT tools that make it possible to reduce the environmental risks associated with the development and operation of fields and deposits. We’ve launched a Russian program for digitalization of the oil & gas sector and we see tremendous prospects for cooperating with Qatar in this field. I think that Russian and Qatari IT companies would like to find partners, because in a few years, it is they who will shape the economy. We must lay the groundwork now for these companies to at least be aware of one another. This is but one of the tasks that we should accomplish together.”


About SPIEF:

The St. Petersburg International Economic Forum (SPIEF) is a unique event in the world of business and economics. SPIEF has been held since 1997, and since 2006, it has been held under the auspices of the President of the Russian Federation, who has also attended each event.

Over the last 24 years, the Forum has become a leading global platform for members of the business community to meet and discuss the key economic issues facing Russia, emerging markets, and the world as a whole.

The 24th St. Petersburg International Economic Forum is set to take place on 2–5 June 2021. As in previous years, the business programme will focus on the global and Russian economies, social issues, and technological development. 

About the Russian Union of Industrialists and Entrepreneurs

The Russian Union of Industrialists and Entrepreneurs (RSPP), established in June 1990, is a non-governmental organisation promoting the interests of Russia’s business community. The RSPP was set up to promote Russian business interests in Russia and abroad, to help make Russia more business friendly and attractive to investors, and to maintain the balance of interests of business, government and society.

The RSPP represents the interests of all Russian businesses, regardless of their size, sector or location. The RSPP operates in two capacities: as a non-governmental organization, and as a national association of employers. This enables the RSPP to promote the interests of its members most effectively. 

About Zyfra

Zyfra improves the efficiency and safety of the mining, oil & gas, chemical and engineering industries. The company develops and implements industrial digital solutions, provides access to the development environment for platform applications, and develops the robotic industrial transport industry. 

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