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SAGIA and Russian Fund for Direct Investment co-sign during the Deputy Crown Prince's visit to Russia a MOU worth $10 billion.

Jeddah, Russia, Ramadan 03 , 1436, June 20 , 2015, SPA -- Saudi Arabian General Investment Authority (SAGIA) and the Russian Direct investments Fund co-signed on the sidelines of the recently-concluded visit of Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense, to the Russian Federation a memorandum of understanding obliging the two parties to co-invest as much as $10 billion.

The agreement was signed by the Secretary General of SAGIA Abdulrahman Al-Mufdhi and Chief Executive Officer of the Russian Direct Investment Fund Kirill Dmitriev.

It deserves mentioning that the Russian Direct Investment Fund participates in parallel investments with the world's giant investment funds and shares investment relations with a number of investment partners in the world, including Chinese Investments Company, Korean Investments Company, Japan's Bank for Foreign Cooperation, Italy's Strategic Fund, Kuwaiti Investment Fund and Qatari Investment Commission.



00:43 LOCAL TIME 21:43 GMT

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Publication:Saudi Press Agency (SPA)
Geographic Code:4EXRU
Date:Jun 20, 2015
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