The sixth meeting of the Saudi-Russian Joint Committee on Trade, Economic and Scientific Cooperation was held in Moscow today under co-chairmanship of Saudi Minister of Energy, Industry and Mineral Resources Eng. Khalid bin Abdulaziz Al-Falih and Russian Energy Minister Alexander Novak.
During the meeting, they discussed the main issues of trade and economic cooperation between the Kingdom and Russia, including improving the regulatory framework, enhancing economic and investment cooperation, joint projects in the fields of energy, industry and agriculture, in addition to following up the implementation of the projects agreed upon at the previous meetings of the Joint Committee.
Minister Eng. Al-Falih said that both Russian national projects and the Kingdom’s Vision 2030 represent new motives, strong momentum and wider dimensions of joint efforts due to the similarity and integration potentials between the two plans in terms of aspiration to realize the ambitions of both countries and their peoples to reach high and unprecedented levels of achievement, progress, prosperity and sustainability.
He also affirmed the readiness of the Saudi side of the joint committee and the readiness of the leadership and government of the Kingdom of Saudi Arabia to enhance and raise levels of cooperation between the two countries to achieve the objectives of the ambitious future plans.
It is worth mentioning that the fifth meeting of the joint Saudi-Russian committee was held in Riyadh in November 2017. The bilateral relations between the two countries are witnessing remarkable developments in various fields through mutual meetings and visits between officials to serve the common interests, especially since the visit of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to Russia in October 2017, where the cooperation and integration between the two countries covered many areas of common importance, including energy, direct investment, petrochemical industry, culture, education, training, tourism development promotion between the two countries, agriculture, food security, health, transportation, military industries, communications and information technology, Hajj and Umrah affairs, and others.
On the other hand, the Minister of Energy, Industry and Mineral Resources, Eng. Khalid bin Abdulaziz Al-Falih, headed the Kingdom’s delegation to the Petersburg International Economic Forum in Russia. He also participated in a key session of the forum entitled “Energy Sector: Challenges and Opportunities”, where he talked about the global oil market and the role of OPEC to maintain market stability, and increase its influence with the cooperation of its partners from the OPEC + Group.