Saudi Russian Investment Forum opens in Moscow 3 Moscow

  • 2/5/2023
  • 18:56
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For his party, the Russian minister considered the resumption of meetings of the Saudi Russian joint committee as a sign for the two sides' determination to further enhance relations between the two countries, saying that high-level visit exchanges between the two countries were followed by serious dialogue to promote economic cooperation and commercial exchanges, and paying tribute to the efforts being exerted by the two sides to resume the committee's meetings, and organize the forum and the exhibition on its sidelines in Moscow. He emphasized that the just $1.2b trade exchange between the two great economies is inacceptable to the two sides, given their economic and investment capabilities. He underscored the importance of the completion of the legal legislations aiming to protect investments between the two countries, expressing pleasure of the presence of some 150 delegates of the Russian private sector representing 30 Russian companies in this event. He noted the signing of 13 documents and memoranda for cooperation between the two business sectors in the two countries while some 50 projects are currently underway. --More 15:24 LOCAL TIME 12:24 GMT www.spa.gov.sa/w

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