The United Arab Emirates (UAE) is interested in purchasing and promoting vehicles of the Russian luxury car brand Aurus, part of the Kortezh series, Russian Industry and Trade Minister Denis Manturov told Sputnik.
MOSCOW (Pakistan Point News / Sputnik - 29th August, 2018) The United Arab Emirates (UAE) is interested in purchasing and promoting vehicles of the Russian luxury car brand Aurus, part of the Kortezh series, Russian Industry and Trade Minister Denis Manturov told Sputnik.
In July, the Russian Industry and Trade Ministry announced that the defense, security and development fund (DSDF) of UAE company Tawazun signed an agreement on entering a joint venture for manufacturing Aurus vehicles, in which it would invest 110 million Euros ($128.5 million).
"If you remember, we have signed an agreement with a UAE company on joining the project. They are interested in promoting and buying cars," Manturov said.
The minister noted that contracts on cars supplies would be signed starting September.
"As regards the commercial segment, we have already received bids, there are a lot of them, more than a hundred, but the signing of supply contracts will begin after the presentation at the Moscow automobile Salon. The signing of the documents will begin in September," Manturov said.
