The Russian Direct Investment Fund (RDIF) will open its first foreign office in Saudi Arabia, the message of the RDIF reads.
“RDIF is the first Russian investment institution to open an office in Saudi Arabia. This will elevate our partnership to new levels and speaks highly for our mutual trust. We expect to develop existing projects as well as to find attractive new industries for joint investments and further support the entry of our companies into each of our markets", - Kirill Dmitriev, CEO of the RDIF, said.
The office will conduct its activities based on ongoing agreements and platforms with partners from KSA.
Among them is the Russia-Saudi Investment Fund, established for joint investments in attractive projects.
To date, the parties have funded and approved over 25 joint projects with a total investment of over $2.5 billion across various sectors of the economy, such as advanced technology (including Artificial Intelligence), medicine, infrastructure, transport, industrial production, and others.
GSV "Russia - Islamic World"
Photo: Michael Gaida / Pixabay