Putin winds down Gulf tour with $1.3 bln worth of deals with UAE

Vladimir Putin signed deals worth more than $1.3 billion with the United Arab Emirates on Tuesday as his Gulf tour came to an end in Abu Dhabi.

The Russian president arrived in the UAE’s capital earlier in the day, following his visit to Saudi Arabia where he met King Salman and Crown Prince Mohammed bin Salman in Riyadh.

Putin was greeted by the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al-Nahyan, at the Presidential Airport with a 21-gun salute.

He then arrived at the Presidential Palace Qasr Al-Watan where there was an official welcoming ceremony.

The pair struck six agreements, including one on shared investments between Russia’s sovereign wealth fund and the Emirati investment fund Mubadala.

Deals worth more than $1.3 billion, notably in the energy, advanced technology and health sectors, were tabled during Putin’s visit, according to the Russian Direct Investment Fund (RDIF).

“You will not be disappointed by your Russian partners,” Putin said as he arrived.

Sheikh Mohammed tweeted: “This historic visit reflects the strength of UAE-Russia relations, which we will continue to jointly promote at all levels for the mutual benefit of our nation.