Saudi Arabia, Russia sign $10bn investment deal.

Saudi Arabia and Russia have signed a $10 billion memorandum of understanding between their public investment funds in yet another high level deal between the two countries.The MOU between the Saudi Public Investment Fund and the Russian Direct Investment Fund (RDIF) commits the pair to investment worth $10 billion, the Saudi Press Agency said.

The RDIF already has ties with investment giants including China Investment Corporation, Korea Investment Corporation, Italian Strategic Fund, Japan Bank for International Cooperation, Kuwait Investment Authority and Qatar Investment Authority.

The MOU is one of six landmark agreements signed between the states during a visit by Deputy Crown Prince Muhammad Bin Salman to Russia in recent days.Saudi Arabia and Russia have signed a $10 billion memorandum of understanding between their public investment funds in yet another high level deal between the two countries.

The MOU between the Saudi Public Investment Fund and the Russian Direct Investment Fund (RDIF) commits the pair to investment worth $10 billion, the Saudi Press Agency said.

The RDIF already has ties with investment giants including China Investment Corporation, Korea Investment Corporation, Italian Strategic Fund, Japan Bank for International Cooperation, Kuwait Investment Authority and Qatar Investment Authority.

The MOU is one of six landmark agreements signed between the states during a visit by Deputy Crown Prince Muhammad Bin Salman to Russia in recent days.

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