Saudi-Russian
investment forum starts today morning (Thursday) under the title of
"Investing towards building a strong partnership" organized by Saudi General
Authority for investment in cooperation with the Council of Saudi Chambers and
Saudi-Russian Joint Council on the sidelines of the current official visit of
the Custodian of the Two Holy Mosques King Salman bin Abdul-Aziz Al Saud to the
Russian Federation, which is held in Ritz-Carlton hotel in Moscow.
At the beginning of the
forum, Russian Minister of Energy Alexander Novak praised the historic visit of
the Custodian of the Two Holy Mosques King Salman Bin Abdul-Aziz Al Saud to the
Russian Federation, stressing its positive impact on supporting diplomatic and
economic relations between the Kingdom and Russia and upgrading them to high
levels under the attention of the King and President Vladimir Putin.
He pointed out that the areas of cooperation between the Kingdom and Russia are proceeding according to the plan and vary in the sectors of industry, health, infrastructure, agriculture, tourism, technology, nuclear energy and desalination, in addition to cooperation in the fields of oil and gas, noting that both of countries seek to execute 25 joint economic projects to increase positive cooperation between them.
He pointed out that the areas of cooperation between the Kingdom and Russia are proceeding according to the plan and vary in the sectors of industry, health, infrastructure, agriculture, tourism, technology, nuclear energy and desalination, in addition to cooperation in the fields of oil and gas, noting that both of countries seek to execute 25 joint economic projects to increase positive cooperation between them.
Moreover, The President of the Russian Direct
Investment Fund Kiril Dmitriev delivered a speech in which he stressed the
importance of economic relations between the Kingdom and Russia and looked
forward to developing them through this forum and meetings that bring together
businessmen from both countries to activate cooperation in the fields of
investment that benefit the two friendly countries.
For his part, the Governor of Saudi Arabian General Investment Authority Engineer Ibrahim bin Abdul-Rahman Al-Omar said, "We encourage Russian companies to identify opportunities in the Saudi market. The Kingdom's ambitious vision 2030 targets investments in several sectors that represent promising opportunities for investment. These sectors include transport, oil, gas, agriculture, space research, renewable energy, industrialization and other opportunities. Then,
Engineer Al-Omar handed over four licenses to Russian companies to invest in the Kingdom.
For his part, the Governor of Saudi Arabian General Investment Authority Engineer Ibrahim bin Abdul-Rahman Al-Omar said, "We encourage Russian companies to identify opportunities in the Saudi market. The Kingdom's ambitious vision 2030 targets investments in several sectors that represent promising opportunities for investment. These sectors include transport, oil, gas, agriculture, space research, renewable energy, industrialization and other opportunities. Then,
Engineer Al-Omar handed over four licenses to Russian companies to invest in the Kingdom.
It is worth to mention that the forum's opening
ceremony was attended by many officials of a high status from both countries in
addition to representatives of the
private sector and more then 200 businessmen
as well as company owners representing different sectors of investment in both
countries.