The royal family of Saudi Arabia invests $750 million in the joint venture in Russia.
As Islamnews reports with reference to Gazeta.ru and Financial Times the royal family of Saudi Arabia invests $750 million in the joint venture in Russia. The prince Saud bin Mansur al-Maud, CEO of Novaar Capital Management company, invests $750 million in infrastructure projects in the north of Ural. The joint venture with the corporation “Ural Industrial – Ural Polar”, Joint - Stock Company, will be created for this purpose.
The joint venture will deal in with projects in the sphere of the transport and the electricity industry, including the building of power supply line between Salekhard and Nadym.
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