LOC17:11
14:11 GMT
MOSCOW, Oct 7 (KUNA) -- Russian Direct Investment Fund (RDIF) has inked with Saudi Arabia's Public Investment Fund (PIF) business deals worth USD 2.1 billion, Itar-Tass news agency said on Saturday.
Itar-Tass quoted fund's Chief Executive Officer (CEO) Kirill Dmitriev as saying that the RDIF and PIF agreed on establishing a USD one billion fund for investment in energy and another of equal value for technology enterprise.
Moreover, the sovereign Saudi fund would earmark USD 100 million for investment in Russia's infrastructure, namely in railways in Saint Petersburg and construction highways in the capital.
The news agency quoted experts as saying that the visit to the nation by Saudi King Salman opened the door wide for mega Saudi investments in Russia, thirsty for such enterprises in light of western curbs on the nation. (end)
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