PROSPECTS FOR INTERNATIONAL INVESTMENT COOPERATION IN THE FIELD OF AGRICULTURE

Abstract

The article is devoted to the main issues of trade and economic cooperation between Russia and the countries of the Cooperation Council for the Arab States of the Gulf which includes Bahrain, Saudi Arabia (KSA), United Arab Emirates (UAE), Kuwait, Qatar and Oman (hereinafter GCC). Despite the steady growth of the economic indicators of the Gulf countries (GDP growth rates of the GCC countries are higher than the world average) and tremendous success in strengthening positions in the world economy, the problem of food security in the region is quite acute. Actually, these countries focused on what they consume and will continue to do so, since local production of most of the food they need is not viable. In our article we tried to show that the development of diversification in the food sector of the Gulf countries requires a reorientation of investment flows. Today, the interest of Arab investors in versatile cooperation with Russia has seriously increased: the interest of the Governments and business circles of the GCC countries in the development of trade, investment and scientific and technical ties with Russia has increased.