By Andrei Skvarsky.
A senior delegation from Sberbank, Russia’s biggest lender, hosted a round table in Abu Dhabi last month during which they called on United Arab Emirates businesses to invest in Russia and offered them “direct assistance” with potential Russian projects.
During the “Russia: Broad Horizons” roundtable, which brought together top figures in UAE banks and investment funds, the Sberbank team spoke about investment opportunities in specific Russian industries, Sberbank said in a statement.
The Russian visitors set out Sberbank’s technology strategy and described achievements by the Moscow-based lender in artificial intelligence development.
They also “pointed out interest in Islamic finance”, the statement said.
According to the statement, the Gulf countries’ total capital available for investment is estimated at more than $3.2 trillion but only “a small part” of capital earmarked for investing in Russia has actually gone into Russia-based projects.
Sberbank’s delegation included first deputy CEO Alexander Vedyakhin, deputy CEO Anatoly Popov, senior vice-president Alexander Bazarov and vice-president for investment Oskar Ratsin.
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