"Saudi Arabia and Russia have very big investment opportunities, this issue has been discussed with Russian officials, and the possibilities of cooperation are still being explored," the minister said on the sidelines of the seventh Future Investment Initiative (FII7) investment forum "The New Compass" in Riyadh.
The industry minister said that Russia had achieved success in many industries over the past 20 years, including the automotive industry, heavy equipment production, and military sector.
"We hope for the development of existing opportunities between Riyadh and Moscow," Alkhorayef added.
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