At St. Petersburg International Economic Forum, Russian Direct Investment Fund (RDIF),Natsproektstroy (NPS) group,and Lamar Arabia Holding W.L.L from Saudi Arabia inked a partnership. They're set to push infrastructure and energy projects,lining up with Saudi Arabia's Vision 2030.
Kirill Dmitriev,RDIF CEO and Russian President's Special Representative, highlighted Russian expertise in Saudi Arabia's modernization push. “Saudi Arabia is currently implementing a large-scale infrastructure modernization program as part of its Vision 2030 strategy,and Russian companies possess significant expertise that could be useful in implementing such projects,” he said.
Deal targets joint projects not just in Saudi Arabia but also Russia and beyond, especially Middle East,North Africa, Asia. Focus: transportation,energy, high-tech engineering. Key to stronger economic ties between nations.
Natsproektstroy Group, a major Russian infrastructure player, has over 100 firms and 100,000 workers. Its design, engineering, construction skills crucial for this partnership. Lamar Arabia Holding known for big public-private projects in Persian Gulf,especially in oil,gas,water,social infrastructure.
Forum runs June 3-6, theme "Pragmatic Dialogue: the Path to a Stable Future." Agenda tackles shifting global economic scene,featuring forums on small businesses,creative industries,youth economic engagement.
Beyond business,forum hosts cultural events like Petersburg Seasons festival and SPIEF Sports Games . Title partner is VEB.RF,Russia’s national economic development institution . Roscongress Foundation organizes, TASS is official info partner. But how much impact will these talks really have…
