![Saudi Arabia to invest record $10bn in Russia Saudi Arabia to invest record $10bn in Russia](https://mtic.us/wp-content/uploads/2015/07/russia-saudi-investment-partnership.si_-310x168.jpg)
The Public Investment Fund (PIF) of Saudi Arabia in partnership with the Russian Direct Investment Fund (RDIF) has agreed to invest $10 billion into Russian projects. It is the largest foreign investment in Russia.
“We have reached final agreements and are announcing the creation of a partnership with the sovereign fund of Saudi Arabia, under which PIF will invest $10 billion into projects on Russian territory.