Saudi Arabia to invest a peak $10 bn in Russian projects

In another sign of warming ties between Moscow and Riyadh, the Saudi Public Investment Fund agreed Tuesday to invest a record $10 billion in Russian projects over the next four years, the largest foreign investment in the country. It comes after Saudi Deputy Crown Prince Mohammed Bin Salman visited St. Petersburg last month. He held long talks with President Vladimir Putin, after which the two governments signed an accord for Russia to build 16 nuclear reactors and a nuclear research program in the oil kingdom.
 

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