عربي English Türkçe اردو فارسى
Logo
Latest News
Gulf

Russia to Work on Saudi Green Initiative, Enhance Strategic Partnership with the Kingdom

Saudi Crown Prince Mohammed bin Salman awarding Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF) with King Abdulaziz Second-Class Order of Merit (SPA)
Saudi Crown Prince Mohammed bin Salman awarding Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF) with King Abdulaziz Second-Class Order of Merit (SPA)
TT
TT

Russia to Work on Saudi Green Initiative, Enhance Strategic Partnership with the Kingdom

Saudi Crown Prince Mohammed bin Salman awarding Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF) with King Abdulaziz Second-Class Order of Merit (SPA)
Saudi Crown Prince Mohammed bin Salman awarding Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF) with King Abdulaziz Second-Class Order of Merit (SPA)

Russia will continue working on boosting its strategic partnership with Saudi Arabia in various fields, including the Green Initiative, announced the CEO of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev.

Speaking to Asharq Al-Awsat, Dmitriev said he was impressed with the Saudi Green Initiative that Crown Prince Mohammed bin Salman revealed on Tuesday.

He explained that RDIF, Russia's sovereign fund, is in cooperation with the Saudi Public Investment Fund (PIF) and other investors to implement a number of major projects related to the project.

He stressed that Saudi Arabia remains Russia's international strategic partner, and it is looking forward to new investment deals with the PIF and other Saudi partners, including Aramco, in the fields of energy, health care, technology, and agriculture.

He pointed out that through its partnership with the PIF, the RDIF launched investments worth more than $2.6 billion in more than 30 projects.

The Russian Fund is collaborating with the Saudi Fund on several mega projects, including Saudi Aramco, SABIC, and Salic, in addition to investments with other Saudi partners in 25 new investment projects in various sectors such as petrochemicals, infrastructure, agriculture, and technology.

Dmitriev explained that the areas of partnership between the two countries include other important initiatives such as the program to strengthen partnership with the private sector, which will attract additional capital to the Saudi economy and ensure further growth in future investments.

Most Viewed

 
 
Gulf

Saudi Arabia Calls for Halting Violations Committed Against Palestinians

Head of the Human Rights Section at the Saudi Arabia Mission to the United Nations in Geneva Asya Baakdah. Photo: Saudi Mission
Head of the Human Rights Section at the Saudi Arabia Mission to the United Nations in Geneva Asya Baakdah. Photo: Saudi Mission
TT
TT

Saudi Arabia Calls for Halting Violations Committed Against Palestinians

Head of the Human Rights Section at the Saudi Arabia Mission to the United Nations in Geneva Asya Baakdah. Photo: Saudi Mission
Head of the Human Rights Section at the Saudi Arabia Mission to the United Nations in Geneva Asya Baakdah. Photo: Saudi Mission

Saudi Arabia has denounced all violations committed against the Palestinian people, with the killing of tens of thousands of civilians, predominantly women and children, in the Gaza Strip.

Head of the Human Rights Section at the Saudi Mission to the United Nations in Geneva Asya Baakdah, delivered on Wednesday the Kingdom’s statement during a meeting of the UN Human Rights Council, reiterating Saudi Arabia's firm rejection of the tragic situation and stressing the urgent need to put an end to it.

Baakdah highlighted the Kingdom’s hosting of the Joint Arab Islamic Extraordinary Summit, which adopted resolutions showing the unified will of Arab and Islamic nations.

She underscored the summit’s plea for an end to bloodshed, unrestricted access to humanitarian aid, and the fulfillment of the legitimate aspirations of the Palestinian people to reclaim their occupied territories and establish their independent state.

The diplomat said the Kingdom lauded the UN General Assembly resolution adopted on May 10, backing the eligibility of the Palestinian state for full membership in the United Nations.

Baakdah emphasized Saudi Arabia’s appreciation for actions taken by Norway, Spain, Ireland, Slovenia, and Armenia in acknowledging the Palestinian state, while urging other nations to follow suit with bilateral recognition.

Recognizing the collective duty to actively support the realization of an independent Palestinian state, Saudi Arabia -- in collaboration with its partners in the Ministerial Committee appointed by the Joint Arab-Islamic Extraordinary Summit on Gaza Strip developments, as well as Norway and the European Union -- initiated a global alliance to push for the implementation of a two-state solution. The Kingdom calls upon all parties to join the initiative.