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Ammon News - Jordan Chamber of Commerce (JCC) Chairman, Nael Kabariti, called on setting a comprehensive Arab-Russian economic strategy, based on Russia's long-standing scientific and industrial progress and broad Arab capabilities.

Speaking at the Forum of Russian-Arab Business Council, held in Dubai, Kabariti stressed the need to market and attract Arab-Russian investments to reach an economic alliance that parallels major global blocs.

According to a JCC press statement Saturday, Kabariti said Arab-Russian relations are "historic and reflect a long-standing fabric of economic, cultural and social contact."

Kabariti urged the two sides to focus on cooperation, which involves joint scientific research, transfer of knowledge and investments based on modern technology and "not limited to real estate."

Globally, he said the biggest competition in the future will be over food security, as Russia is one of the large producing countries of foodstuff, energy globally, he noted, adding that the Arab countries and Russia own the largest oil reserves worldwide.

Referring to Covid-19 pandemic's impact on creating new economic mechanisms, he called on Arab countries and Russia to take this change into account.

In this regard, he said the pandemic-imposed new reality requires new patterns of cooperation and coordination.

The Arab-Russian cooperation prospects are "remarkable and wide," he said, adding that investors and companies on both sides have a "huge" desire to build bridges of cooperation and coordination and benefit from exchanging expertise.

On future action, Kabariti stressed the need to increase level of Arab-Russian strategic relations, especially by investing in new, modern and advanced sectors, as well as food and agricultural security, infrastructure and clean energy fields.