Moscow Companies See 53% Increase in Contracts With Middle East & North Africa

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 - Sputnik Africa, 1920, 14.10.2024
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Moscow brands are particularly popular in the United Arab Emirates (UAE), Egypt, Iran, and Saudi Arabia, according to the government of Moscow.
Moscow businesses have experienced a significant increase in contracts with countries in the Middle East and North Africa, according to the Moscow mayor and government website. From January to September 2024, the value of contracts surged by 53% to over 730 million rubles.
The city government highlighted the region's importance for Moscow exporters, stating that the city’s Department of Entrepreneurship and Innovative Development actively supports companies entering these markets.

"With the city's support, the value of contracts with Middle Eastern and North African partners increased by 53% in the first nine months of 2024 compared to the same period last year. Since 2021, the total volume of supported exports to these regions has exceeded 2.4 billion rubles," the city's government said.

Aide to the President of the Russian Federation Yuri Ushakov at a briefing in Moscow on the BRICS summit in Kazan, which will take place on October 22-24. - Sputnik Africa, 1920, 10.10.2024
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Business missions have also been crucial in finding partners and securing export deals. The Moscow Export Center (MEC) has played a vital role in facilitating this growth.
Since 2021, Moscow entrepreneurs, with MEC support, have conducted negotiations with counterparts from Iran, Bahrain, Kuwait, Saudi Arabia, the UAE, Jordan, Morocco, Algeria, and Egypt, according to the statement.
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