SHUTTERSTOCK/ANDREW V MARCUS
The Saudi minister of commerce and investment said that the Kingdom has granted four investment licences to Russian companies specialising in construction and real estate development, information technology as well as financial consulting and architecture.
According to the Saudi Press Agency, the Saudi-Russian CEOs forum, which coincided with the Russian president's visit to Saudi Arabia and was attended by government officials, business executives and major companies in the two countries.
The Saudi centre for International Strategic Partnerships and the Saudi Arabian General Investment Authority in partnership with the Russian Direct Investment Fund (RDIF) brought together Saudi Arabia’s Ministry of Energy, the Ministry of Commerce and Investment and the Ministry of Agriculture, along with their Russian counterparts to explore new opportunities and identify areas for continued collaboration.
Some of the notable MoUs were signed between Saudi Railway Company and Russian Railway Company, TAQNIA and RDIF as well as Saudi Aramco and Gazprom Oil.
HE Dr. Majid bin Abdullah Al Qasabi, the Minister of Commerce and Investment, said, “Saudi Arabia is a growing and diversifying G20 economy, and offers significant potential to Russian investors.”
MOST READ
INVESTMENT
Aldar to invest AED 2 million in Abu Dhabi...INVESTMENT
Oil drops 31 per cent as price war erupts...INVESTMENT
India seizes Yes Bank, limits withdrawalsINVESTMENT
ING Groep plans to sell its Turkish unitINVESTMENT
Bahrain considers stake sell in oil assetsINVESTMENT
SABB seeks to boost corporate lendingINVESTMENT
UBS launches new private client programINVESTMENT
Dubai’s W Motors seeks funds to go electricINVESTMENT
Egypt plans to resume IPOs of parastatalsINVESTMENT
HSBC considering exiting from TurkeyINVESTMENT
Zimbabwe turns to UAE to sell a stake in...
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
