Russia and Saudi Arabia Discuss Measures to Enhance Investment Cooperation Between the Two Countries

Russian Minister of Economic Development Maxim Reshetnikov discussed ways to enhance investment cooperation between Russia and Saudi Arabia and improve the quality of tourism products and facilitate visa issuance with Saudi Minister of Tourism Ahmed Al-Khateeb. According to a statement from the press office of the Russian Ministry of Economic Development following the online meeting of the ministers, "As a result of the meeting, the parties identified a number of practical steps to improve the quality of tourism products in the markets of both countries and to familiarize each other with them, enhance investment cooperation, reduce visa obstacles, and improve connectivity in the transport sector." The ministry quoted Reshetnikov as saying, "Through joint efforts, we will be able to elevate the relationship between the two countries in the tourism sector to a completely new level. At the same time, it is important to ensure that tourist trips are accessible and comfortable for our citizens." The ministry also noted that Al-Khateeb emphasized that "Russia is of great interest to tourists in the Kingdom of Saudi Arabia," expressing gratitude to the Russian side for creating comfortable and safe conditions for Saudi tourists. According to the ministry, these steps and key agreements will form the basis of a memorandum of cooperation that both parties agreed to sign by the end of 2024.