Russia: 14 agreements with Saudi Arabia for 3 billion dollars


The CEO of the Russian Fund for Direct Investment, Kirill Dimitriev, confirmed that the fund will sign 14 new agreements with a number of Saudi companies, worth deals exceeding $ 3 billion.
“Our agreements will be worth more than $ 3 billion now and one company will be specialized in the oil industry and will invest in partnership with Aramco to produce important materials for Russian companies, Aramco and many other companies around the world,” Kirill Demetriev told Al Arabiya.

The Russian official pointed out to make “the final arrangements for investments with one of the largest logistics players in Russia and we seek to invest in a large portfolio of aircraft lease.”

He spoke of a broad consensus in agriculture, describing the Saudi decision to reduce restrictions on Russian wheat imports as a historic step.

He expressed his belief that there are great opportunities in the agricultural field between Russia and the Kingdom, stressing that the agreement with one of the largest Saudi players in the agricultural field will confirm this agricultural relationship.