Riyadh-Mubasher: Saudi and Russian businessmen plan to establish an investment holding company with nearly $1 billion, according to a local gazette.
The new company will launch investment initiatives in some strategic sectors in Saudi Arabia and Russia, which will help boost the bilateral trade which currentaly stands at nearly $1.4 billion, Al Jazirah newspaper said.
The new entity will focus on strategic investment projects with high returns, such as food security, wood industry, healthcare, oil, technology, transport and logistics.
