Saudi Arabia, Russia fund ‘to invest over $2bln this year’ | ZAWYA MENA Edition:
The head of Russia’s sovereign wealth fund says it plans more than $2 billion of investments with Saudi Arabia this year.
Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), also said it expects to conclude a deal with Saudi Aramco to acquire a stake in Novomet, the oil equipment manufacturer.
“Overall, RDIF and Saudi partners are looking at 25 new projects and are planning to invest over $2 billion this year, and expect to conclude the deal for Novomet,” he told the Argaam news outlet.
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