Moscow: The visit of His Highness the Amir of Qatar to Moscow is garnering significant attention and appreciation across various levels. HE Sheikh Ahmed bin Nasser Al-Thani, the Ambassador of Qatar to Russia, discussed the future of economic, trade, and investment relations between the two nations, emphasizing the untapped potential in these areas and the ongoing efforts to enhance cooperation for mutual benefits.

According to Qatar News Agency, the Ambassador highlighted the extensive collaboration between Qatar and Russia in the gas sector, both being key members of the Gas Exporting Countries Forum (GECF). This cooperation is aimed at achieving stability in the global gas market. The Ambassador noted the strategic partnership in the gas sector, reinforced through the GECF framework, with Qatar actively participating in upcoming meetings to be held in Russia next year.

The Ambassador disclosed that the Qatar Investment Authority and the Russian Direct Investment Fund are collaborating on projects worth around $1 billion, with larger projects under consideration. Discussions are ongoing to develop new forms of cooperation in the energy sector, with final decisions dependent on relevant ministries and companies.

Highlighting major investments, the Ambassador noted that around 180 Russian companies operate in Qatar, covering various sectors. QIA's investments in Russia exceed $13 billion, including significant stakes in Rosneft, infrastructure projects in St. Petersburg and Moscow, and ventures in banking and retail food chains.

In conclusion, Ambassador Sheikh Ahmed bin Nasser Al-Thani emphasized Qatar's accession to the Shanghai Cooperation Organization as a 'Dialogue Partner' as a testament to its commitment to regional and international cooperation. This step supports international peace, security, and enhances dialogue opportunities among different nations.