Russian and Saudi companies held discussions on possible joint projects and potential investment worth more than $10 billion, the Russian Direct Investment Fund (RDIF) said in a statement on Wednesday.

 

“Russia and Saudi Arabia are implementing large-scale national development programs that are of considerable investment interest to the business communities of our countries,” said RDIF chief executive Kirill Dmitriev.

 

Saudi business representatives will visit Moscow in the spring and continue their talks with Russian companies, he added.

 

In October 2019, RDIF opened its first foreign office in the Kingdom to develop existing projects and find attractive new industries for joint investments.

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