TASS: Business & Economy – Saudi Arabia to boost investment in Russian tourism projects, says investment fund CEO

AL-ULA, February 11. /TASS/. Russia and Saudi Arabia plan to boost mutual investments in tourism projects, Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev told reporters of Monday.

“Investments from the Saudi side in Russia are going to be increased, including Russian tourism projects. The Russian-Chinese-Saudi fund will also invest in Saudi Arabia’s tourism supported by the Saudi state,” he said.

Dmitriev noted that the Saudi side is very interested in attracting Russian travelers to the country. “An average of 6 mln tourists visit Turkey (annually), and 3 mln visit Egypt. We want more (travelers) to come here,” he said. “As you know the kingdom was closed for tourism. Currently it is opening opportunities, for us as well,” CEO added.


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