​Dubai, Jan 30 (IANS) Russian travelers will get visas on arrival in the United Arab Emirates (UAE) under a cabinet decree approved on Sunday, media reports said.

Under the decree approved by Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, Russian citizens are granted an entry visa for 30 days for the first time, renewable one time only for another 30 days, Xinhua news agency reported.

The decree will "enhance strategic cooperation and the common ambitions" of the two countries, said the report.

The UAE is considered the 10th largest foreign investor in Russia, with projects valued at 66 billion dirham ($17.98 billion) up to 2014.

In 2015, non-oil trade between the two countries reached 9 billion dirham.

The UAE has also received more than 600,000 Russian tourists in the past two years.