RDIF to discuss boosting Saudi investment in Russia

The talks will be held with Saudi Arabia’s energy minister Khalid al-Falih, Reuters reported, citing Demitriev as saying.

It is noteworthy that both countries entered into a number of agreements in October, including the establishment of a $1 billion fund for investing in the fields of technology, seawater desalination, and hydrocarbon resources depletion.

On a side note, the RDIF plans to propose that the Russian government increases domestic debt to finance its infrastructure projects, the sovereign wealth fund’s head told Reuters, adding that the level of state debt is relatively insignificant or “far lower than in other countries.”