Novak Discusses Cooperation Between Russian and Saudi Companies

12 October 2023

Russian Deputy Prime Minister Alexander Novak has highlighted the substantial interest expressed by both Russian and Saudi companies in collaboration across various sectors. This interest spans areas such as energy, transportation, housing and utilities, and industry. Novak noted that there are numerous opportunities for development and expansion in these sectors. He also emphasized the importance of authorities removing any existing restrictions and barriers to facilitate this cooperation.


In addition, he revealed that in the first nine months of this year, trade turnover between Russia and Saudi Arabia has surged by 20% compared to the same period last year. These developments were discussed during the Russian Energy Week, an event held in Moscow from October 11 to 13.



GSV "Russia - Islamic World"

Photo: Federation Council

Based on materials from RIA Novosti