‘Very exciting’ project to be unveiled during Putin visit to Saudi Arabia | ZAWYA MENA Edition:
Russia and Saudi Arabia are planning to clinch a raft of business and investment deals worth hundreds of millions of dollars during the forthcoming state visit by President Putin to the Kingdom, according to one of the leaders of the Russian business scene.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, told Arab News that there would be new business deals in the oil industry, agriculture, tourism and petrochemicals.
Speaking on the sidelines of the Russia Energy Week summit in Moscow, he said: “We are going to be signing more than 10 new investment agreements between Russia and Saudi Arabia.
“One example is a joint investment with Saudi Aramco in Novomet, a Russian pumps manufacturer, one of the leaders of the industry, supplying pumps to Saudi Aramco, which will be investing with RDIF in this company,” he said.
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