Russian Direct Investment Fund, Saudi Business Discuss Projects With $10Bln Investment

Sputnik, 12.02.2020

MOSCOW, February 12 (Sputnik) - The Russian Direct Investment Fund (RDIF) said on Wednesday it had traveled to Saudi Arabia with representatives of Russia's leading companies, as part of the effort of the Russian-Saudi economic council, to discuss joint projects with potential investment exceeding $10 billion.

"As part of the working groups' meetings, we have discussed projects with the potential joint investment exceeding $10 billion. Russia and Saudi Arabia are implementing large-scale national development programs of high investment interest for our countries' businesses," RDIF CEO Kirill Dmitriev said, as quoted in the RDIF statement.

He added that the talks would continue during Saudi business persons' visit to Moscow, expected to take place in the spring. According to Dmitriev, the sides will discuss projects in high technology, construction and agriculture.