Riyadh-Mubasher: Saudi Arabia and Russia have signed some economic and investment agreements in different fields, Saudi Al Jazierah newspaper reported.
The two parties concluded an agreement to establish a new investment fund worth $4 billion, to finance joint ventures and help promote their mutual economic and commercial ties.
Another $10 billion investment fund will also be established.
Russia’s conglomerate Sistema will hold 20% of the new fund’s capital, said the company’s Chairman Vladimir Evtushenkov, adding that the fund will invest in different projects in Russia and Saudi Arabia, including oil and gas.
