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Russian technology projects are in high demand from businesses in Islamic countries - head of the MED

Russian technology projects are in high demand from businesses in Islamic countries - head of the MED

Representatives of business from Islamic countries became interested in Russian technological projects, the Minister of Economic Development Maxim Reshetnikov said during the international economic summit "Russia - Islamic world: KazanSummit 2021".

"We must look into the future and understand what the future structure of the economy will be. This is where the issues of digitalization and application of artificial intelligence come to the fore," he said, adding that this year the country is launching a new mechanism of experimental legal regimes, which, according to the minister, should pave the way for the application of driverless cargo transportation, driverless taxis, big data processing and telemedicine in Russia.

"This mechanism itself, when we create a new here and now, is very much interested in business, and it is very important to us that partners from Islamic countries show interest in all these technologies," - specified the head of the department.

In addition, the country now faces the task of transition to a low carbon economy, which would fundamentally change the structure of Russian exports.

"Already now we must understand how we can transport the economy. The Russian government is discussing the concept of developing electric transport as part of its strategic initiatives," he said.

Also now the concept of hydrogen energy development is being implemented, initiatives in mechanical engineering of the new LNG processing and transportation industry are being worked out.

"We call on our partners from Islamic countries to also join these projects," the head of the ministry concluded.

The international economic summit of Russia and member countries of the Organization of Islamic Cooperation (OIC) "Russia - Islamic World: KazanSummit - 2021" is taking place in Kazan from July 28 to 30. The summit aims to strengthen trade, economic, scientific, technical, social and cultural ties between Russia and the OIC member states.

The leitmotif of the Forum in 2021 is conscious consumption; the key topics of the business programme include partner finance, the halal industry, youth diplomacy, medicine, sport, creative industries, export development, entrepreneurship and investment. The event also hosts the Russia Halal Expo and the Mechanical Engineering Cluster Forum.

In pre-crisis 2019, the summit was attended by 3.5 thousand delegates from 72 countries and 38 regions of Russia. This year, more than 2,500 people from 60 countries are participating in the summit.

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Author: Ksenia Gustova