RT.com
18 Apr 2025, 02:49 GMT+10
The two countries are expanding their partnership with a focus on technology, mineral extraction, and other areas of mutual interest
Russia and Qatar have signed an agreement to establish a new $2 billion investment platform aimed at strengthening economic ties and boosting bilateral cooperation.
The deal was signed on Thursday following talks in Moscow between Russian President Vladimir Putin and Qatari Emir Sheikh Tamim bin Hamad Al Thani, who was in Russia on a state visit.
Under the agreement, the countries' sovereign wealth funds will expand their partnership, focusing on joint investments in technology, healthcare, mineral extraction, and other areas of mutual interest. The Russian Direct Investment Fund (RDIF) and Qatar Investment Authority (QIA) will each contribute $1 billion to the new platform, according to a press release.
The RDIF and QIA launched their first joint investment venture in 2014, with $4 billion in capital. That platform has since backed projects across Russia in areas such as financial and banking services, artificial intelligence, metals, logistics, transport and other sectors.
The new partnership opens up "significant potential," said RDIF CEO and Putin's investment envoy, Kirill Dmitriev, creating opportunities for Russian companies in Middle Eastern markets and supporting Qatari businesses entering the Russian market.
"Together with Qatar, we've already invested in more than 15 projects worth over $1 billion," Dmitriev told reporters.
Qatari businessmen are keen to invest in Russia as a leading investment destination with lucrative opportunities, chairman of the Qatar Chamber of Commerce and Industry, Sheikh Khalifa bin Jassim bin Mohammed Al Thani, told Qatar News Agency on Thursday.
READ MORE: Putin and Qatari emir discuss crises in Gaza and Syria
In addition to the investment deal, the sides have also signed agreements and memoranda of understanding in finance, healthcare and sports.
Putin and Al Thani discussed prospects for diversifying and increasing the volume of bilateral trade among other issues.
Get a daily dose of Mexico City Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico City Sun.
More InformationBUENOS AIRES, Argentina: Argentina has struck a major deal with the International Monetary Fund (IMF), securing a US$20 billion loan...
Madrid [Spain], April 17 (ANI): Real Madrid head coach Carlo Ancelotti is expected to leave the club after the Copa del Rey final on...
Buenos Aires [Argentina], April 17 (ANI): India's World Championships and Asian Games gold medalist rifle shooter Rudrankksh Patil...
New Delhi [India], April 17 (ANI): Union Minister Shivraj Singh Chouhan is leading the Indian delegation to the 15th BRICS Agriculture...
Lima [Peru], April 16 (ANI): Haryana's Suruchi Singh pulled off a stunning upset by defeating Olympian Manu Bhaker to win the gold...
People visit the Yiwu International Trade Market in Yiwu, east China's Zhejiang Province, Feb. 9, 2025.(Xinhua/Huang Zongzhi) BEIJING,...
The Ukrainian leader has claimed that Steve Witkoffs rhetoric is dangerous US President Donald Trump's key negotiator, Steve Witkoff,...
The Bianzhong of Marquis Yi of Zeng is pictured in Hubei Provincial Museum in Wuhan, central China's Hubei Province, April 17, 2025....
Florida [US], April 18 (ANI): Two persons were killed and five others injured in a shooting at Florida State University (FSU) in Tallahassee,...
(250417) -- WASHINGTON, April 17, 2025 (Xinhua) -- U.S. President Donald Trump heads to the West Wing after welcoming Italian Prime...
The US president argued the Ukrainian leader hasn't done a greatest job US President...
The US president argued the Ukrainian leader hasnt done a greatest job US President Donald Trump has said that he is not happy with...