Riyadh

By|Hue Gey

 

   After the visit of His Majesty King Salman bin Abdul Aziz to Russia, it is considered the first, largest and most successful at all, where many agreements were signed in all fields. The meetings of the Saudi-Russian Joint Governmental Committee were held on Thursday with the participation of a number of Saudi and Russian companies representing many sectors Economic priority on the agenda of economic cooperation between the two countries

Saudi Arabia and the Russian Federation affirmed on Monday their keenness to activate areas of cooperation in various sectors and their joint desire to activate the agreements, memoranda and programs signed during the visit of the Custodian of the Two Holy Mosques to the Russian Federation last month.

It is well known that the cooperation and investment prospects between Saudi Arabia and Russia reached a total of 25 billion dollars in a number of fields. A memorandum of understanding was signed to establish a joint fund worth $ 1 billion to implement projects in the energy sector.

The two sides also discussed cooperation in the joint technical team and the recently signed road map in Moscow, as well as studying the expansion of cooperation between the Public Investment Fund and the Russian Fund for direct investment in a number of investment fields in both countries. For educational institutions.

In the field of agriculture and food security, the two sides stressed cooperation in the export of animal products to the Kingdom and welcomed the participation of Russian companies specialized in grain trade in the Kingdom's tenders for the supply of barley and wheat to the Saudi market as well as cooperation in the fields of health, technical and vocational training.

At the conclusion of the fifth session of the joint Saudi-Russian committee in Riyadh, the two sides stressed the two countries' resolve to promote industrial cooperation through joint efforts and initiatives in various fields, including the aluminum industry.

On the other hand, the Saudi-Russian Business Council held a meeting in the presence of the Minister of Trade and Investment, Dr. Majid al-Kasabi, Russian Energy Minister Alexander Novak, and the Governor of the General Authority for Investment Eng. Ibrahim Al-Omar, during which he discussed economic cooperation relations and mechanisms for their development.

Source |agency WAM

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