#Saudi's SALIC, Russian fund team up on agri projects - Reuters

Saudi's SALIC, Russian fund team up on agri projects - Reuters:

Russian sovereign wealth fund RDIF and Saudi Arabia’s SALIC have signed an agreement to team up in searching for investment projects in the Russian agricultural sector, RDIF said in a statement on Monday.

President Vladimir Putin visited Riyadh on Monday for the first time in over a decade, seeking to capitalize on growing influence borne of military advances in Syria, strong ties with regional rivals and cooperation on energy policy.

SALIC - Saudi Agricultural and Livestock Investment Co - and RDIF will jointly search for investment projects in the Russian agricultural and livestock industries, RDIF said.