10:00 GMT25 February 2020
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    Swiss-Based Holding 'Confident About Russian Market,' Seeks to Invest

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    Swiss-based GK Investment Holding Group, which has a traditional focus on Africa and the Middle East, is looking for ways to invest in the Russian market, its chairman Kamel Ghribi told Sputnik, adding that he has confidence in the Russian economy.

    MOSCOW (Sputnik) — GK Investment Holding is currently working on several projects related to Russian infrastructure, including the construction of airports and highways. It is also finalizing a batch of agriculture-related projects with Russia.

    "Russia is a very interesting market. Our interest in investing in the Russian economy reflects very clearly our great confidence in Russia and our long-term commitment to this very important market," Ghribi said.

    The company has wide-ranging interests – from food and agriculture, social and economic infrastructures and associated services to oil and gas, commodity trading, retail, shopping malls, and real estate. It collaborates with agencies and distributors all over the world, including AGIP, Elf, Amoco, Exxon, Phibro, Mitsubishi and Marubeni.

    "We see huge potential [in Russia]. Ever since the West imposed sanctions on Russia’s economy in the aftermath of the crisis in Eastern Ukraine, along with a healthy depreciation of the ruble, domestic industry has stepped into the space, replacing Western goods," Ghribi said.

    According, to Ghribi, the company is committed to facilitating trade between Russia and emerging economies in Africa and the Middle East.

    "As a company, we have committed a major part of our activities towards facilitating constructive dialogue between Western economies, including Russia, and emerging African and Middle Eastern nations," Kamel Ghribi said.

    Ghribi said the holding was specifically interested in streamlining trade between Russia and Tunisia, which could become Russia’s foothold in North Africa.

    "We are trying to facilitate the development of ties between Russia and Tunisia," the Tunisian businessman said. "The volume of trade between the countries does not reflect the true potential of bilateral cooperation. These days, Tunisia could become a hub for Russian industries targeting Africa and the Middle East."

    Tunisian Ambassador to Russia Ali Goutali told Sputnik earlier that the two countries were preparing to sign a strategic partnership and cooperation deal at a March meeting in Moscow.


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