(MENAFN- Saudi Press Agency)
Jeddah, Muharram 12, 1439, Oct 2, 2017, SPA -- During the era of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the bilateral relations between the Kingdom of Saudi Arabia and the Russian Federation witnessed identical views towards the regional and international issues in addition to joint desire to support these relations in various fields, including economic field.
The trade volume between the two countries reached about $2.8 billion in 2016 amid ambitions seeking to raise this number in light of the Kingdom Vision 2030.
The Kingdom proved its economic strength after achieving a positive growth rate with 1.7% in 2016 despite fluctuations of the international oil prices. This was driven by several factors, including directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and follow-up of Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Premier, Minister of Defense and Chairman of the Economic and Development Affairs Council.
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19:16 LOCAL TIME 16:16 GMT
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