Saudi Crown Prince, Russia's RDIF Head Discuss Investment Cooperation – Reports

Sputnik, 25.10.2017

MOSCOW, October 26 (Sputnik) - Saudi Arabian Crown Prince Mohammed bin Salman bin Abdulaziz, deputy premier and defense minister, and Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF), have discussed a number of economic issues, including investment cooperation, local media reported.

According to the Saudi Press Agency, the meeting took place Wednesday on the sidelines of the Future Investment Initiative forum, during which Saudi Arabia presented to investors its development strategy Saudi Vision 2030.

Russia and Saudi Arabia have recently intensified the bilateral relations. In early October, Saudi Arabia's King Salman bin Abdulaziz Al Saud visited Moscow.  It was the first ever visit of a reigning Saudi monarch to Russia. King Salman held a meeting with Russian President Vladimir Putin, after which the two parties have signed 14 agreements.

According to Dmitriev, the RDIF has concluded agreements worth over $2 billion during King Salman's visit. The RDIF head has also noted that the Russian firms now have the opportunity to locate their enterprises in Saudi Arabia as part of the Saudi Vision 2030 strategy.