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Jeddah - Yasmine El Tohamy - Saudi, Russian industry ministers discuss boosting cooperation, promoting investment
RIYADH: Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef on Sunday met with the Russian Minister of Industry and Trade Denis Manturov on the sidelines of the World Defense Show 2024 in Riyadh.
During talks, they discussed ways to further boost cooperation between the two countries in the industrial and mining sectors, including through potential investment opportunities in the Kingdom and Russia.
Between January and October last year, the value of Saudi Arabia’s exports to Russia totalled almost SR56 million ($15 million) and consisted of packaging, cars, chemicals and polymers, food products, heavy machinery, and electronics.
Saudi imports from Russia included food products, building materials, heavy machinery, electronics, and chemicals and polymers.
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