HH Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai, has approved the Cabinet Resolution No.24 for 2017, which grants nationals of Russian Federation an entry visa at all entry points in UAE.
The resolution stipulates that nationals of Russian Federation are granted a 30-day visa first time, which is renewable only once for another 30 days, subject to applied UAE regulations.
The resolution is likely to improve strategic ties and the common ambitions of the two countries. It would also create new horizons of economic and touristic co-operation serving common interests and goals, as it strengthens the international competitiveness of UAE, as a vibrant economic, commercial and tourist hub in the region.
According to official information, Russia and the UAE have benefitted from strong bilateral ties in all aspects. This co-operation is evident in the strategic partnerships between the two nations, and the various deals involving economy, tourism and clean energy co-operation.
The UAE ranks first in GCC states as Russia’s prime business partner, and is considered the tenth largest foreign investor in Russia, with projects worth Dh.66bn until 2014.
During the year 2015, the non-oil trade between UAE and Russia has touched Dh.9bn, while the UAE is investing about Dh.18bn in infrastructure in Russia. The average growth of foreign non-oil trade between UAE and Russia is 31 percent in the past five years.
With more than 600,000 Russian tourists in the past two years, there are about 56 weekly flights between the two countries by UAE National carriers, and this number is likely to grow further, after issuance of the decree and its positive impact on trade and tourism.