The Russia-Africa Economic Forum, held as part of the Russia-Africa Summit, opened, on Wednesday in Sochi, under the theme “Russia and Africa: Uncovering the potential for cooperation”, with the participation of Morocco.
The opening of the Economic Forum, chaired by Russian president Vladimir Putin and Egyptian president Abdel Fattah Al-Sissi, as well as several African heads of State and officials, members of the Russian government, was marked by the presence of minister of Energy, Mining and Environment, Aziz Rebbah, and minister delegate to the minister of Foreign Affairs in charge of African Cooperation and Moroccan Expatriates, Mohcine Jazouli.
Speaking on this occasion, the Russian president stressed that “the theme of this Economic Forum is very important and relevant, because the economic component is an essential link in our relations”.
“Africa is the growth center of the world economy, in recent years bilateral trade has almost doubled to $20 billion, which is very low because the development potential is very high and we hope to double our trade in the next five years,” Putin said.
The Russia-Africa Economic Forum will focus on three areas, namely the development of economic relations, the creation of joint projects and cooperation in the humanitarian and social fields, through several conferences intended to develop interaction between Russian and African entrepreneurs and to initiate new forms of cooperation between the two parties.