Russia will get $ 10 billion investment from the Saudi Fund

Saudi sovereign fund Public Investment Fund to invest up to $ 10 billion in projects in the infrastructure and agriculture in Russia in partnership with the Russian Direct Investment Fund.
"It is very symbolic deal. One of the world's largest investment by sovereign wealth funds - said in July the head of the Russian Fund Kirill Dmitriev. - These funds will be used in sectors such as infrastructure, agribusiness, healthcare, logistics, retail, real estate. "
According to him, the two funds operate on a deal for about two years. The final agreement was reached after the visit of the Crown Prince's successor, Defense Minister of Saudi Arabia Mohammed Bin Salman in Russia at the St. Petersburg International Economic Forum.
Dmitriev said that the Russian Direct Investment Fund and the PIF plans to invest in the next four to five years, the first seven transactions already pre-approved. By the end of the year the Fund plans to implement ten investment. The interviewee admitted the possibility of investment in third countries.
Dmitriev said that approval of the transaction and other funds. Thus, projects will be able to attend the Chinese Silk Road Fund.
Russian Direct Investment Fund has signed a partnership agreement with another Saudi Fund - Saudi Arabian General Investment Authority - to attract Russian companies on the Saudi market, according to Tass.