“RDIF will invest in the creation of “cities of the future” in Saudi Arabia

– The Russian direct investment Fund (RDIF) together with leading Russian and international partners will participate in the project to create a city of the future Neom in Saudi Arabia, told reporters the head of RDIF Kirill Dmitriev at the forum “Investment initiative of the future” in Riyadh.

The creation of new cities of the future were announced during the forum the crown Prince of Saudi Arabia Mohammed bin Salman al Saud. Dmitriev noted that in accordance with the forum arrangements the activities of the FUND in the framework of work on the project of creating a city Neom will attract the leading Russian high-tech companies in the following major areas: solar energy, health and education, artificial intelligence technology, high-speed transport and port infrastructure for handling agricultural products.

“We welcome the opportunity to take part in this ambitious project, which will combine the use of new technologies from completely different fields – from renewable energy and advanced transport and port infrastructure to the technologies of artificial intelligence. RDIF intends to act as a co-investor with other international funds, as well as to involve the creation of the city of Neom, leading Russian company, thereby promoting their high-tech expansion in the promising markets of Saudi Arabia and the Middle East””, – said the head of RDIF.

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