Bilateral investments and trade targets receive major boost

Saudi Arabia and Russia are expanding economic cooperation through new industrial partnerships and investment initiatives announced during the St. Petersburg International Economic Forum.

Officials indicated that Russian investments in Saudi industrial projects could reach approximately $1.46 billion over the next five years, while bilateral trade is expected to grow significantly. The discussions focused on manufacturing, technology, energy cooperation, and joint ventures aligned with Saudi Arabia’s Vision 2030 diversification strategy.

Source : EnterpriseAM Egypt.