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Russia–Africa Economic and Humanitarian Forum

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Roscongress Foundation, Synergy Corporation set to unveil a joint global platform to improve ties between Russia and MENA region

MOSCOW, July 27 - Dubai will host The World of Opportunities international business forum on November 16-18, 2023, organised by Roscongress Foundation and Synergy Corporation. The event will consolidate strategic partnership between the two countries to follow up on the outcomes of the St Petersburg International Economic Forum in June 2023, and will also contribute to better bilateral economic relations between the UAE and Russia.

In 2022, trade between Russia and the UAE grew by 68% to $9bn, while Russia's trade with African countries reached almost $18bn. At the same time, over the past five years, Russia's trade with countries in the MENA region increased by 83% to $94.9bn.

The World of Opportunities will bring together 1,000 offline and 10,000+ online participants from more than 45 countries. The forum will be held for the second time and is expected to become an annual event, a platform for open dialogue between top executives, regulators and key players in the financial sector to satisfy growing interest by Russian businesses in the region. The forum will focus on energy, innovation, creative economy, transport, education, IT, trade and export.

The event will be attended by the federal ministers of the Russian Federation, heads of major Russian banks, corporations, IT firms, energy giants, regional governors, and leading market experts. The panelists will explore ways to enhance international relations and exchange experience between Russia and MENA countries, unlock new opportunities for businesses to expand and capture new markets, building on shared capacity and expertise by Middle Eastern and Russian companies.

“Holding international events of such a level as The World of Opportunities opens up opportunities to deliver effective solutions to new economic challenges, identify growth drivers for win-win global economic relations. The forum is uniquely positioned to nurture direct open dialogue between all the stakeholders, including experts, development institutions, government and businesses,” said Anton Kobyakov, advisor to the President of the Russian Federation.

1,000+ experts and business leaders will attend the three-day event to enjoy a variety of networking options, including panel sessions, exhibition, round tables, and open discussions.

An impressive cultural agenda has been designed for the participants, featuring performances by Russian and world stars of classical music. It will host the 2nd Dresden Opera Ball with A-listers such as soprano Aida Garifullina, the Janoska Ensemble from Vienna, soloists from the Bolshoi Theatre, jazz legend Igor Butman, ballet dancer Denis Rodkin, and the Northern Synfonia Orchestra led by famous conductor Fabio Mastrangelo.

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“We highly value the results of our joint work at the summit. I am sure the achieved results are creating a good foundation for further deepening the Russia-Africa partnership in the interests of our nations’ prosperity and wellbeing.”

President of the Russian Federation
Vladimir Putin

The Russia–Africa Summit, which is taking place in Sochi on 23–24 October 2019, encapsulates the historically friendly relations between the African continent and the Russian Federation. This Summit carries great significance as it is the first of its kind to emerge during a period of major global and international transformations. In response to the aspirations of the people it is representing, the Summit intends to build a comprehensive framework for expanding Russian–African relations into broader horizons of joint cooperation across different fields.

The African nations and Russia share a common understanding of international relations, based on the principles of respect for the rule of international law, equality, non-interference in the internal affairs of states, and the peaceful resolution of disputes. Both sides affirm their commitment to support multilateral actions to oppose new international threats, be they terrorism and extremism in all their forms, or declining growth rates. The two sides share a firm conviction regarding the importance of developing trade flows and supporting mutual investment in such a way as to ensure security, peace and development for the African and Russian people.

African countries have huge potential and opportunities that will allow them, once efforts to streamline their economies have been achieved, to emerge as real global players. In recent years, the nations of this continent have achieved major successes spanning the political, economic, social and administrative spheres. Africa has flourished in terms of growth over the past decade, reaching a continent-wide growth rate of 3.55% in 2018.

The African Union Summit, which was held in Niger in July 2019, continued the efforts of the African countries and saw the African Continental Free Trade Agreement come into force, along with its operational instruments. The agreement is one of the key objectives of Agenda 2063, an African development strategy that has been created to address the African people’s desire for prosperity and decent living standards.

These successes are opening up wide-ranging prospects for cooperation between African countries and the Russian Federation, and confirm the determination of African governments and their people to cooperate with multiple partners in order to establish mutually beneficial relations.

With this in mind, we express our hopes that the Russia–Africa Summit will help in the establishment of constructive strategic relations, based on partnership between two sides across various fields, and in the service of fulfilling the hopes and aspirations of the African people and their friends in Russia.

President of the Arab Republic of Egypt
Abdelfattah ALSISI