Russia eyes opportunities at trade show in Riyadh

RIYADH, May 29 (Arab News): Saudi Arabia and Russia's bilateral economic ties are set to get a new boost as the Kingdom is hosting the Made in Russia +Innoprom business mission in Riyadh on May 29 and 30.
In an interview with Arab News, Anton Atrashkin, program director of the Innoprom International Trade Show, said that more than 100 Russian companies would be a part of the event to be held in Riyadh.
The delegation will be led by Russia's Deputy Minister of Industry and Trade Alexei Gruzdev.
Innoprom is the largest Russian industrial exhibition that has been held for the last 14 years in Yekaterinburg.
The event aims to showcase advanced technologies developed in Russia that are ready to be used in the industrial sector.
"All of us are very excited to see the reaction and attitude of the Saudi business community toward what we have to offer. We are really making our very first steps in the blessed land of the KSA. For many Russian delegates, it will be their first trip to the country. I would say that our business mission is opening a new page of bilateral economic relations," said Atrashkin.
Russian Helicopters, Transmashholding, Rostselmash Agricultural machines, Power Machines, and Kaspersky are some of the key companies participating in the industry event.
Atrashkin also said that Russian agricultural products are getting popular in the Saudi market, and the event seeks to introduce Russian industrial technologies in the Kingdom.
Gruzdev said the Russian-Saudi ties are based on a strong foundation, which will contribute to the development goals of both countries.
Our business mission to Riyadh aims to strengthen economic ties between Russia and Saudi Arabia.
Alexei Gruzdev, Russia's deputy minister of industry and trade
"Our business mission to Riyadh aims to strengthen economic ties between Russia and Saudi Arabia, discover new business opportunities, exchange ideas, and establish long-term partnerships," said the deputy trade minister.
He added: "We are particularly grateful to the Riyadh Chamber of Commerce for hosting us as well as to our Saudi partners from the Ministry of Industry and Mineral Resources and Ministry of Investment."
Atrashkin said that the infrastructure development currently underway in Saudi Arabia, including the giga-project NEOM, presents an opportunity for Russian companies to showcase their potential to become part of the success story of the Kingdom.
"The whole world sees this project (NEOM) as the highest point of mankind's ambitions. Many companies from Europe, the US, and Asia want to get a stake in this No. 1 project of the 21st century. Russian companies definitely have many competitive technologies in unmanned systems, construction, engineering, and software products," added Atrashkin.