RDIF to set up energy investment platform with Saudi Arabia Oct

MOSCOW, Sep 27 (PRIME) -- The Russian Direct Investment Fund (RDIF) plans to create an energy investment platform with Saudi Arabia in October during a visit of King Salman bin Abdulaziz Al Saud to Russia, RDIF CEO Kirill Dmitriev told reporters late on Tuesday.

A source previously told PRIME that the visit will take place from October 4 through October 7.

“In the framework of the Saudi Arabian king’s visit to Russia, the RDIF together with its Saudi partners will announce creation of a new investment platform in the sphere of energy, as well as new projects in the industrial and infrastructure sectors. I am sure that work during this visit will increase possibilities of cooperation between our countries in a wide range of directions,” Dmitriev said.

The RDIF and Saudi partners are at a final stage of negotiations on implementation of large Russian projects in Saudi Arabia, he said.

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