Opening Asia for Russia

Russia may take part in railway projects in Saudi Arabia

05.07.2022 ТАСС 58 просмотров

According to the trade representative of the Russian Federation Stanislav Yankovets, there are railways in Saudi Arabia now, "but this does not correspond to the scale of the country at all."


Russia can participate in the construction of a railway network in Saudi Arabia. The Trade Representative of the Russian Federation in Saudi Arabia spoke about these opportunities at the session "Eastern Horizons of Russian Business: a new round of cooperation development". Stanislav Yankovets.

"In Saudi Arabia, in the Arab region, the attitude towards Russia is very positive. The official position of the country is neutrality, and at the business level it is readiness to increase cooperation in almost all spheres. An important area of cooperation may be Russia's participation in the construction and operation of railways in Saudi Arabia," he said.

According to the trade representative, there are railways in Saudi Arabia now, "but this does not correspond to the scale of the country at all." Now Saudi Arabia has developed a railway construction program and is ready to allocate about $ 50 billion for the development of the railway network.

The trade turnover between Russia and Saudi Arabia was about $ 300 million 5 years ago, but last year it amounted to more than $ 2 billion. Russia exports agricultural products to the Arab country: barley, wheat, ready-made food products, as well as petroleum products. Russian IT companies are interested in entering Saudi Arabia, he added.

Trade Representative of the Russian Federation in the Islamic Republic of IranRustam Zhiganshin also drew attention to the record trade turnover between Russia and Iran in 2021 in the amount of $ 4 billion. 80% of the turnover is agricultural products, he noted, and added that today the countries have the potential to increase transport and logistics capabilities, taking into account the Caspian routes.

The main theme of the Innoprom exhibition in 2022 is "Industrial Transition: from challenges to new opportunities", Kazakhstan has become a partner country. The event presents current domestic and joint developments in the field of production automation, new mobility, modern materials and other promising areas. The exhibition runs from July 4 to July 7 in Yekaterinburg. TASS became a partner of the session "Eastern Horizons of Russian Business: a new round of cooperation development", moderated by the First Deputy editor-in-chief of the agency Lana Samarina.
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