Russian-Saudi CEO Forum will take place during the visit of Russian President Vladimir Putin to Riyadh

Press release, 14.10.2019

Riyadh, October 14, 2019 – The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund), the Saudi Arabian General Investment Authority (SAGIA) and Saudi Center for International Strategic Partnerships (SCISP) announce the Russia-Saudi Investment Forum will take place on October 14 as part of Russian President Vladimir Putin’s state visit to the Kingdom of Saudi Arabia.

The Forum will bring together more than 300 participants from both countries including top-executives of major Russian and Saudi corporations. It will be attended by the largest and most representative delegation of Russian business people in the history of Russia-Saudi relations. The Forum will offer a platform for attendees to debate and generate solutions around the future of energy, cross-border investment between the two countries, sustainable agriculture and global food security.

Panel session “Fostering the Future of our Energy Partnership” will the first out of the three sessions during the Forum. Alexander Novak, Russian Minister of Energy and Co-chairman of Russian-Saudi intergovernmental commission on trade, economic, scientific and technological cooperation will be speaking on the Russian side and HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy of the Kingdom of Saudi Arabia and Co-chairman of Russian-Saudi intergovernmental commission on trade, economic, scientific and technological cooperation will be speaking on the Saudi side.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund, will be speaking along with Vladimir Evtushenkov, Chairman of the Board of Sistema on the Russian side during the second panel session of the Forum – “Broadening the Saudi-Russian Investment Landscape”. HE Yasir Othman Al-Rumayyan, Governor of KSA’s sovereign wealth fund Public Investment Fund (PIF) will speak on the Saudi side at the panel with Mohammad Abunayyan, Chairman of the Board, ACWA Power.

The third panel session “Food Security. Partnering for Sustainable Agriculture and Food Security” will be attended by Dmitry Patrushev, Russian Minister of Agriculture and Andrey Guryev, CEO and Chairman of PhosAgro on the Russian side. HE Abdulrahman AlFadhli, Minister of Environment,Water and Agriculture and Khalid Al Aboodi, Managing Director of SALIC will take part in the session on the Saudi side.

During the Forum the participants will sign a number of agreements. Sectoral workshops and bilateral meetings are also scheduled in the course of the event.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“The unprecedented high level delegation is attending Saudi Arabia as part of the state visit of the Russian President to discuss the most important issues on bilateral and global business agenda. We will touch upon a vast number of issues, including energy cooperation, mutual investments in various projects ranging from high technology to food security. We hope that such a major business event will result in many new partnerships and agreements in the future both in Russia and Saudi Arabia. Cooperation and dialogue between our nations will definitely pick up momentum as a result of the Forum and RDIF as a co-organizer is committed to strengthen these ties.”

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB1.5 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 bn. Further information can be found at www.rdif.ru

For additional information contact:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Leach / Maria Shiryaevskaya
Hudson Sandler
Tel: +44 (0) 20 7796 4133