Riyadh – Mubasher: The Saudi Agricultural and Livestock Investment Company (SALIC) has signed an agreement with the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, to invest in Russia, according to RDIF’s recent statement.
The announcement took place during Russian President Vladimir Putin’s visit to Saudi Arabia on Monday.
Both parties will jointly identify and implement attractive investment projects in agriculture and livestock in Russia to strengthen bilateral economic ties and increase the volume of mutual investments between Russia and Saudi Arabia.
“Growth in the Russian agricultural sector has demonstrated outperformance in recent years and still retains significant development potential. The partnership between RDIF and SALIC is aimed at realizing this potential by attracting investment and utilizing SALIC’s expertise, as well as further strengthening comprehensive cooperation between our countries,” Kirill Dmitriev, CEO of RDIF, commented on the agreement.
