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FINANCIAL NEWS
Saudi Arabia, Russia to launch USD3bn joint projects
18 Apr 2017
(MENAFN) Saudi Arabia and Russia will set up mutual projects worth USD3bn by the end of this year, as proclaimed speaker of Russia’s Fed Council.
Accordingly, although KSA ranks second amid the Arab states in terms of trade with Russia, the volume of joint trade turnover in the past year has declined.
Additionally, the most promising areas of collaboration are energy, geological exploration, mining, petrochemicals, tanker construction and others.
Moreover, Russia offers its partners great chances for business development and investment, while the parliament adopted the laws enhancing the investment and business climate.
MENAFN1804201700450000ID1095401160
MENAFN1804201700450000ID1095401160
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