Saudi Arabia, Russia negotiate 25 projects with total investment of $10bn

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Saudi Arabia, Russia negotiate 25 projects with total investment of $10bn
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Russia and Saudi Arabia are considering over 25 joint projects with a total investments amounting to more than $10 billion, as it follows from a report by the Commerce and Industry Ministry of the Russian Federation released following a meeting of its head, Denis Manturov, with an advisor of General Secretariat at the Council of Ministers of Saudi Arabia, Ahmed al-Khatib.




“Up to date, more than 25 projects in such sectors as petrochemicals, production of consumer goods, agriculture, real estate, infrastructure, oil and gas sector are under consideration. Total investments in these projects exceed $10 billion”, the document quoted Mr. Manturov.

During the meeting, the head of the Ministry positively assessed the dynamics of cooperation between the Russian Direct Investment Fund (RDIF) and the Sovereign Wealth Fund of Saudi Arabia.



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