ST. PETERSBURG, June 5. /TASS/. The Russian Direct Investment Fund (RDIF), Natsproektstroy (NPS) group of companies, and Lamar Arabia Holding W.L.L (Saudi Arabia) have signed a partnership agreement for the joint implementation of infrastructure and energy projects, Russian President’s Special Representative, RDIF Chief Executive Officer Kirill Dmitriev said at the St. Petersburg International Economic Forum (SPIEF).
"Saudi Arabia is currently implementing a large-scale infrastructure modernization program as part of its Vision 2030 strategy, and Russian companies possess significant expertise that could be useful in implementing such projects. Joint work under the signed agreement will open up new attractive investment opportunities in leading sectors such as transportation, energy, and high-tech engineering infrastructure, and will continue to strengthen practical economic cooperation between Russia and Saudi Arabia," he said.
The partnership aims to develop and implement joint projects in Russia and Saudi Arabia (including within the framework of the Vision 2030 strategy), as well as in other countries, primarily in the Middle East, North Africa, and Asia. Priority areas of cooperation include projects in the transport sector, as well as energy, social, and engineering infrastructure.
