RABC is a non-profit organization that is aimed at strengthening trade and economic relations between the business structures of Russia and the Arab countries. According to the Memorandum, the parties agreed to develop mutually beneficial economic cooperation, which implies active assistance to Russian and Arab businesses on a wide range of issues – establishing necessary contacts and developing relations between business representatives, organizing public and private business events in Russia and abroad, developing business initiatives.

Such cooperation will lead to the growth of mutual investments and economies of Russia, Qatar and other Arab countries.

The signing ceremony took place at the venue of the Qatari-Russian Center for Cooperation.