Russian firms eye Saudi market, says RDIF chief

Russian companies want to enter the Saudi market and build factories in the Kingdom, said Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF).

“We are all excited about Saudi Arabia economy and opportunities. We believe this conference will generate a lot of other opportunities in technology, infrastructure and many other sectors,” he said today at the Future Investment Initiative (FII) held in Riyadh.

RDIF has large projects around the world, he said, pointing out that partnerships between sovereign funds are of great significance.

Saudi Arabia is a good partners and RDIF finds Vision 2030 remarkable, he said.

“We believe that thanks to the great efforts exerted by Their Highness the King and Crown Prince, the economic transformation has become possible.” Dmitriev added.