On the first day of their summit Saudi Arabia and
Russia signed many agreements and memoranda of understanding which will lead to
great changes in the relations between both of countries. Moreover, they
established a joint investment fund which worth billion dollar.
As a part of the partnership, they agreed on investing
billion dollar in eight different sectors in the Russian markets including
retail market, constructions market, alternative power, transports, and
infrastructure.
The following
as a list of the signed documents:
-Agreement for cooperation in the field of communications and
information technology between the Ministry of Communications and Information
Technology and the Russian Ministry of Communications and Information.
-Memorandum of agreement between the Ministry of Commerce and Investment
and the Russian Ministry of Industry and Trade.
-Saudi-Russian road map for economic and commercial cooperation.
- Executive program for cultural cooperation.
- A program of cooperation in
agricultural areas
- A program for cooperation in the peaceful use of nuclear
energy.
- Contracts for the supply of military systems and a memorandum
of understanding for the transfer and settlement of technology of those systems
in the kingdom.
- A memorandum of understanding to establish a
Saudi-Russian platform for investment in energy area and another one for the
establishment of a Saudi-Russian platform for investment in technology.
- A memorandum of understanding to invest in road projects and
light trains.