Qatari-Russian collaboration to be explored before SPIEF 2021

07/02/21

Qatar is set to participate as a guest country at the St. Petersburg International Economic Forum (SPIEF) in June 2021. SPIEF is a very well established international forum organised by the Roscongress Foundation and was founded in 1997.

The event is the largest investment and economic forum in the eastern hemisphere and will contribute to strengthening the collaboration and cooperation as well as the relations between the countries and the partnerships in the Qatari and Russian private sectors.

Additionally, the event provides a platform to present the attractive business climate in Qatar to Russians as well as the investment opportunities and possibilities in Russia to Qataris.

The bilateral trade between Qatar and Russia increased by 200% between 2012 and 2019. According to data from the Investment Promotion Agency Qatar (IPA Qatar) and the Roscongress Foundation, the trade volume between the countries amounted to QAR 730 million (USD 202 million) in 2019 compared to QAR 426 million (USD 118 million) in 2012.

The Qatar Chamber of Commerce & Industry (QCCI) participated in the SPIEF in 2019 and has signed a number of Memorandums of Understanding with the Roscongress Foundation after the event. The QCCI will participate along several ministries, organizations, institutions and bodies from Qatar.

The Qatari-Russian Business Council has been established to enhance the bilateral collaboration and cooperation and to facilitate investment and partnership between Qatar and Russia. A key role is to bring together Qatari and Russian businessmen and -women before SPIEF 2021.

Russia considers Qatar as an important partner in the Middle East, a hub for (business) operations in the region and a potential investor in Russia.

Business Start Up Qatar is working with the Investment Promotion Agency Qatar and the relevant stakeholders in Russia including, but not limited or restricted to the Qatar Russia Center for Cooperation (QRCC) to raise awareness of the possibilities and opportunities in Qatar and Russia. Please click on the link and reach out to learn more about the initiatives and Business Start Up Qatar.

Other News

BSUQ News 115 - Thumb

Qatar is among top countries for entrepreneurs

The State of Qatar is ranking ninth on the list of top countries for entrepreneurs according to the National Entrepreneurial Context Index (NECI)...

Read more
BSUQ News 114 - Thumb

Qatar remains a promising market in the region

The State of Qatar is a very promising investment market according to a recent report by The Investment Promotion Agency Qatar (IPA Qatar).

The report “Invest Qatar Annual Report 2021”...

Read more
BSUQ News 1 - 16 Jan 22 - Thumb

Qatar’s trade surplus up 171 percent in November

Qatar’s foreign merchandise trade balance increased by 171 percent in November 2021 compared to November 2020 according to the latest figures released by the Planning and Statistics Authority...

Read more
BSUQ News 113 - Thumb

SCDL announces new tenders for 2022 FIFA World Cup

A webinar hosted by the Qatar Financial Centre (QFC) and titled “Exploring Tender Opportunities at the Supreme Committee for Delivery & Legacy” discussed the potential for businesses and projects related...

Read more
BSUQ News 112 - Thumb

Qatar to award a number of large-scale projects in 2021

The State of Qatar is expected to invest more than QAR 113.15 billion (USD 31 billion) into large-scale projects this year. The estimation is in line with the country’s QAR 47.45 billion (USD 13 billion)...

Read more
BSUQ News 111 - Thumb

LNG expansion will positively affect Qatar’s economic growth

Qatar’s plans to expand the Liquefied Natural Gas (LNG) capabilities and capacities promise a major boost to the growth of the national economy. The expansion results in a projected surplus between 2021...

Read more
BSUQ News 110 - Thumb

Qatar’s economic performance improved in first quarter

Qatar’s budget for the first quarter of this year was exceeded by QAR 200 million (USD 54.8 million). The surplus is partly related to the most recent increase in the oil prices, the level of budgetary...

Read more
BSUQ News 109 - Thumb

Investments in digital sector at all-time high in Qatar

Qatar has witnessed a lot of investment in the digital sector in line with the digital transformation of the country and the establishment of a knowledge-based economy as set out in the [Qatar National...

Read more

Page Break