10th - 12th of May 2018, Kazan The 10th International Economic Summit “Russia — Islamic World: KazanSummit 2018”
The King of Saudi Arabia arrived in Moscow for the first time
For the first time in the history of the Russian-Saudi relations, the king of Saudi Arabia Salman Ben Abdul Aziz al Saud arrived for a three-day visit to Moscow.
At the “Vnukovo” airport, the monarch met the honor guard of the Preobrazhensky regiment and the orchestra, as well as the Russian delegation, which included the Deputy Prime Minister Dmitry Rogozin, Deputy Foreign Minister Mikhail Bogdanov, and the head of the Russian Direct Investment Fund, Kirill Dmitriev.
Who will the king meet?
Firstly, the king plans to hold a meeting with President Vladimir Putin. According to Dmitry Peskov, the spokesman of the Russian head of state, the leaders plan to discuss the situation of the oil market amid a decline in its production, as well as the prospects of settling conflicts in the Middle East and North Africa. In addition, military-technical cooperation may become a subject of discussion.
On Friday, the King will meet with Russian Prime Minister Dmitry Medvedev. The main topic of the discussion will be joint investment projects, as well as cooperation in trade, economy, industry, energy and agriculture.
In addition, on the same day, it’s planned to hold a Russian-Saudi investment forum, and the whole week in Moscow will be the days of Saudi culture.
It is expected that during the visit of the king a number of documents will be signed. In particular, the Russian Direct Investment Fund along with the Middle East funds, including the Saudi Arabia Foundation, will announce the terms of financing investment projects in the field of transport infrastructure.
According to the Minister of Energy Alexander Novak, the parties will sign an investment agreement which is worth over $ 3 billion. In particular, the participation of Saudi investors in the Arctic LNG-2 project is being discussed, and a joint fund of Russia and Saudi Arabia will invest $ 150 million in one of Russia's largest drilling companies “Eurasia” Drilling. In addition, “Rosneft” and “Gazprom Neft” are close to concluding an agreement with Saudi Aramco on oil trading and the creation of a joint research and development center.
As the “RIA Novosti's” deputy chairman of the Russian-Saudi business council Abdul-Aziz al-Kreidis said, the parties can create a joint investment company with a capital of one billion dollars.
The royal existence
The delegation of King Salman, according to RIA Novosti, includes about a thousand people. The monarch's suite will take all the available rooms of five-star hotels in the area of Manezhnaya Square. The interlocutor of the agency said that in many apartments specifically for guests changing the situation to a more eastern one, the delegation carried its own carpets and furniture.
At the entrance to the hotels and around them the security is strengthened, the hotel is allowed only upon presentation of the guest's card.
Also in Moscow in Russian and Arabic appeared posters with a portrait of the monarch and a greeting from the Russian-Saudi investment fund addressed to "the keeper of two Islamic shrines, His Majesty the King of Saudi Arabia Salman bin Abdul Aziz al Saud."
Leading relationships to a new level
The Russian Foreign Minister Sergei Lavrov commented on the arrival of the monarch in Russia, saying that the visit would bring bilateral relations to a fundamentally new level.
The minister noted that Moscow and Riyadh are "united in the need for further progressive development of multifaceted Russian-Saudi relations, including in the interests of ensuring regional and global stability."
Lavrov also said that countries share the approach to solving regional crises. According to him, in resolving interstate conflicts, Russia and Saudi Arabia rely solely on political and diplomatic methods.
"These and other topical issues on the bilateral and international agenda will be discussed in detail at the upcoming visit of King Salman to Russia at the invitation of President Vladimir Putin." We are convinced that this truly epoch-making event in our relations will help bring cooperation to a fundamentally new level, a useful contribution to the stabilization of the situation in the MENA, "Lavrov emphasized.
The monarch's visit was also commented in Washington. State Department spokesman Heather Naouert believes that this event will not alienate Saudi Arabia from the United States.