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Saudi Arabia, Russia work together to keep energy prices stable

in MIDLE EAST/PRESS RELEASE/REGIONS by

The forthcoming visit of King Salman to Moscow will open new areas of cooperation with Russia and the two countries will reap mutual benefits as a result of such cooperation. Member of the Shoura Council Fayez Al-Shehri said King Salman’s visit to Russia comes within the framework of bolstering relations with the one of the biggest countries of the world. He said Russia agrees with the political trends of the Kingdom in many fields, notably terrorism and finding a solution to the Yemen crisis, and other global issues. Shoura Council member Maj. Gen. Ali Al-Tamimi told Arab News that Saudi Arabia under King Salman, being the leader of the Islamic world and an important member of the G-20, will open a new chapter not only in Saudi-Russian relations, but also in combating terror in the world. There are a lot of expectations during this historic visit especially in the oil sector, he said, hoping that the visit will benefit the two countries. The head of the Council of Saudi Chambers, Ahmed bin Sulaiman Al-Rajhi, said that the visit aims to promote and develop economic and trade relations between the Kingdom and the Russian Federation and he foresees brighter prospects for the two countries because of the strong bilateral relations. He hoped to see increases in the contribution of the private sector in both countries to the level of strategic relations between them, and pave the way for the diversity of vital areas in favor of the Saudi and Russian economies. Al-Rajhi will lead a team of 100 Saudi businessmen to Russia to strengthen economic cooperation between the two countries in accordance with Vision 2030. The program of the Saudi businessmen will also include several meetings with the Russian business community and Russian officials to discuss ways of boosting economic relations; developing trade and investment partnerships; holding bilateral meetings between businessmen from both sides; reviewing the latest developments in the economic situation; creating a conducive business environment; and identifying important investment opportunities available in the Kingdom and Russia, Al-Rajhi said.

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