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Russia to invest billions of dollars in Saudi Arabia’s future megacity

Russia to invest billions of dollars in Saudi Arabia’s future megacity

Publicerat av Tony Harkén fredag, 27 oktober 2017.

Russia wants to be an investor in Saudi Arabia’s project to build the Neom megacity, which will be 33 times bigger than New York City.

The project will be financed by the Saudi government and private investors and powered entirely by wind and solar energy.

"The Russian Direct Investment Fund (RDIF) wants to be a co-investor with other international funds. The Fund will attract leading Russian companies to invest in the creation of the city of Neom, thereby contributing to their high-tech expansion in the promising markets of Saudi Arabia and the entire Middle East," RDIF CEO Kirill Dmitriev told reporters on Thursday.

"We are talking about investments worth several billion dollars," he said. The day before, Dmitriev met the Saudi crown prince to discuss further investment cooperation between Russia and Saudi Arabia.

Read more at - https://on.rt.com/8qog

Publicerat av

Tony Harkén

ryssland

Klockan i Moskva, Ryssland

RU-MOS - Time