Russia’s RDIF to Work With Saudi’s SALIC on Agriculture Projects

Bloomberg, 14.10.2019

By Lynn Thomasson

(Bloomberg) -- The Russian Direct Investment fund plans to work with the Saudi Agricultural and Livestock Investment Co. on finding investments in Russia’s food and agriculture industry, according to a press release from the RDIF.

*The announcement was made during a meeting between Russian President Vladimir Putin’s visit to Saudi Arabia

*“Growth in the Russian agricultural sector has demonstrated outperformance in recent years and still retains significant development potential,” said Kirill Dmitriev, CEO of the RDIF.

“I am confident we will begin working on our first joint projects in the near future”