Saudi Arabian General Investment Authority (SAGIA)
Asserting that Saudi-Russian ties are poised to “scale new heights,” Al-Othman said in a brief statement that the Kingdom’s relationship with Russia was a “key element in its bilateral engagement as the country moves forward to forge closer ties.” “In fact, Riyadh and Moscow have evinced keen interest to boost bilateral links in all sectors”.
The SAGIA chief, during his stay in Russia, will also hold talks with top Russian officials. Several joint workshops will be organized on this occasion to focus on potential areas of cooperation. Topics of workshops include joint cooperation in mineral exploration, transport, infrastructure development, agriculture, oil & gas, housing, real estate, tourism, electricity, renewable energy, water desalination and health care.
A framework agreement to set up “Russian-Saudi Joint Committee” is also likely to be signed on the sidelines of the business conference. All these initiatives that would be launched during the visit will further promote the unified investment plan prepared by SAGIA that identifies about 100 investment opportunities in 18 sectors with a cumulative value of SR1.3 trillion.
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