Joint Russian-Saudi fund to invest $2 bln in Russia

02/12/2018 Argaam

 

The Russian Direct Investment Fund (RDFI) will invest $2 billion in infrastructure projects in Russia from the joint Russian-Saudi fund next year, Russian news agency TASS said, citing RDFI CEO Kirill Dmitriev.

 

"Saudi Arabia confirmed their interest in participation in several infrastructure projects presented by RDIF, and we plan to invest in Russia another $2 billion from the joint Russian-Saudi fund in the next year," TASS quoted Dmitriev as saying to reporters.

 

He noted that twelve projects on petrochemistry, logistics, and so on, are on the agenda.

    

Dmitriev said that at the meeting between Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, the question of increasing Saudi investment was discussed.

 

He said that the volume of Saudi investment was already significant. "Two years ago Saudi Arabia's investment stood practically at zero, and now they have exceeded $2 billion," Dmitriev said.

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