The most representative Saudi delegation has visited the St. Petersburg International Economic Forum in May 2018. Dialogue between the two countries and a common vision of challenges in the global economy have already made it possible to sign an agreement on limiting of oil production by OPEC+, which has stabilized prices in world markets after their dramatic fall. But bilateral cooperation between our states cannot and should not be limited to only the oil industry. Both Russia and Saudi Arabia are interested in diversifying economies and reducing dependence on oil and gas revenues through the development of industry and the latest technologies. Plan of economic reforms “Vision-2030” (Saudi Vision-2030), the author of which is energetic and popular in the country Crown Prince Mohammad bin Salman, assumes large-scale investments in industry and high technologies around the world including Russia.
And, of course, football. It is our teams that open the World Cup 2018.