A bank trader works in an operation room at Metallinvestbank in Moscow, Russia, Friday, Jan. 16, 2015. Russian markets are trading sluggishly as the country braces for the possibility that its credit rating may be downgraded to "junk" level later Friday for the first time in a decade. (AP Photo/Pavel Golovkin)
MOSCOW: The Russian Direct Investment Fund (RDIF) has said it is sending a Russian business mission comprising more than 60 executives to Saudi Arabia on Nov. 1-2.
The delegation will include representatives of prominent Russian companies including Gazprom, SIBUR, Lukoil and Sinara, a statement said.
The attending Russian companies will present opportunities for investment and take part in sectoral discussions and bilateral negotiations with potential Saudi partners.
The move is part of a partnership between RDIF and the Russian Federation’s Ministry of Energy and the Ministry of Industry and Trade.
The delegation is expected to visit leading companies of Saudi Arabia and will meet representatives of key government ministries, regulators and industry associations.
Senior officials from Saudi Ministry of Trade and Investment and Ministry of Energy, Industry and Mineral Resources will join officials from the Russian Ministry of Industry and Trade and the Russian Ministry of Energy, the statement said.