Saudi Arabia and Russia agree $10bn investment programme

Saudi Arabia’s and Russia’s  state-run investment finds last month sealed a deal which will see the two  oil-rich states invest as much as $10bn in joint projects of an as yet unspecified nature. The deal between Saudi Arabia’s Public Investment Fund (PIF) and the Russian Direct Investment Fund (RDIF) was sealed in mid-June when top Saudi officials visited Russia. The countries’ governments also agreed to cooperate on the development of their  nuclear energy programs. 

Source: reuters