Saudi investments in Russian projects total $2.5 bln: RDIF chief

23/01/2019 Argaam

 

Saudi Arabia’s investments in Russian projects currently stand at $2.5 billion, Tass reported on Wednesday, citing Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev.

 

"Megadeals, investment in LNG industry and petrochemical sector are also under discussion, that being a remarkable example of cooperation," he said at the World Economic Forum in Davos.

 

In December, Russian President Vladimir Putin and Saudi Crown Prince Mohammad bin Salman had their first meeting at the G20 summit in Argentina.

 

During the meeting, they signed a declaration on strategic partnership covering mutual investments in the agriculture sector, encouraging mutual investments in join agriculture and water projects, and support of investment funds in the field of joint production of high-tech products.

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