Russian sovereign wealth fund RDIF and Saudi Arabia’s SALIC will sign an agreement on Monday to team up in searching for investment projects in the Russian agricultural sector, a source involved in the agreement told Reuters. President Vladimir Putin visits Riyadh on Monday for the first time in over a decade, seeking to capitalize on growing influence borne of military advances in Syria, strong ties with regional rivals and cooperation on energy policy. SALIC - Saudi Agricultural and Livestock Investment Co - and RDIF will jointly search for investment projects in the Russian agricultural and livestock industries, the source said. RDIF declined to comment.. Read more...
Economic ties between the countries have been on the upswing for a while. There is already an agreement for Russia to supply Sukhoi Superjet-100 (SSJ-100) civil aircraft, while KamAZ has successfully entered the Southeast Asian market. Thai business are involved in major agricultural projects in Russia. However, bilateral trade still lags behind potential. The 6th Russia-Thailand Intergovernmental Commission on Bilateral Cooperation met in Moscow this month. The meeting was co-chaired by Denis Manturov, Russia’s Minister of Industry and Trade of Russia and Tanasak Patimapragorn, Thailand’s Deputy Prime Minister and Minister of Foreign Affairs.. Read more...
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