Russia and Saudi Arabia to announce new investment platform

The new investment platform in energy sphere will be announced during the visit of Saudi King Salman Al Saud to Russia.

MOSCOW (Sputnik) – The Russian Direct Investment Fund (RDIF) and its partners from Saudi Arabia will announce creation of a new investment platform in energy sphere during the visit of Saudi King Salman Al Saud to Russia, RDIF CEO Kirill Dmitriev said on Tuesday.

“Within the framework of the visit of the King of Saudi Arabia to Russia, the RDIF with Saudi partners will announce the creation of new investment platform in the energy sectors, as well as investments in the industrial and infrastructure sectors,”

Dmitriev told reporters.

“RDIF with Saudi partners is in the final stage of negotiations on major Russian projects in Saudi Arabia,”

he added.

Earlier in the day, Russian Deputy Foreign Minister Mikhail Bogdanov confirmed that the visit of King Salman Al Saud would take place in early October.

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