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Russia’s sovereign fund eyes multi-billion dollar projects with Saudi Arabia

Published: 11 Oct 2019 | 10:06 GMT

The Russian Direct Investment Fund (RDIF) has announced plans to implement new projects and ink agreements with Saudi companies during President Vladimir Putin’s visit to Saudi Arabia next week.

“We are working now on 25 new projects totaling $10 billion,” RDIF CEO Kirill Dmitriev said, adding that the sides will sign an agreement on cooperation in artificial intelligence.

Source: RT

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