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FINANCIAL NEWS
KSA, Russia transform trade ties to new dimensions
29 Nov 2015
(MENAFN) The Saudi-Russian Investment Forum has taken a number of procedures jointly beneficial to the two nations, and it’s efficiently enhancing their friendship, partnerships’ building and opportunities’ investing.
The event pauses as a critical turning point in the history of relations between the two countries; hence the governments of Saudi Arabia and Russia are poised to initial the legal base for such robust and promising relations.
To highlight the Kingdom’s positive economic status, officials pointed out that its GDP has doubled from USD328 billion in 2005 to almost USD752 billion last year; thus achieving an all-time record growth rate of 129 percent.
Furthermore, state debt has been lowered to less than two percent of the GDP in 2014, putting the Kingdom among the world’s low-rated indebted states in terms of GDP, which only encourage top countries like Russia to invest big-cash.
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