Riyadh, February 04, 2024, Today, Minister of Industry and Mineral Resources, Bandar bin Ibrahim AlKhorayef, engaged in a meeting with Russia's Minister of Industry and Trade, Denis Manturov, on the sidelines of the World Defense Show (WDS) 2024 in Riyadh.
The focal point of discussions centered on strategies to bolster cooperation between Saudi Arabia and Russia, with a particular emphasis on advancing the industry and mining sectors. The talks also delved into exploring investment opportunities within the Kingdom and devising methods to foster investments in both nations.
Present at the meeting was Eng. Khalil bin Ibrahim bin Salamah, the Vice Minister of Industry and Mineral Resources for Industrial Affairs, underscoring the importance of the discussions.
Notably, between January and October 2023, Saudi Arabia's exports to Russia totaled SAR 55.99 million. These exports encompassed a range of products, including packaging, cars, chemicals and polymers, food products, heavy machinery, and electronics. Conversely, the Kingdom's imports from Russia included food products, building materials, heavy machinery, electronics, as well as chemicals and polymers. This meeting signifies a concerted effort to deepen economic ties and explore avenues for mutual growth between the two nations.
