Russia will invest billions in the city of the future in Saudi Arabia

РФ вложит миллиарды в "город будущего" в Саудовской Аравии

Russia will invest in the city of the future

Russia intends to participate in creating cities of the future Neom.

Russia will take part in creating cities of the future Neom in Saudi Arabia. Together with partners, the country is ready to invest several billion dollars. About it on October 26 said the CEO of the Russian direct investment Fund (RDIF) Kirill Dmitriev, Russian newspaper writes.

As noted, we are talking about investing in projects in solar energy, healthcare, high-speed transport (including Hyperloop) and 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 Kirill Dmitriev.

24 Oct Saudi crown Prince Mohammed bin Salman has issued a statement to the press that on the red sea, the authorities plan to build an innovative city, in which investments will amount to 500 billion dollars. It is assumed that working there will be more robots than people, the emphasis on digital technologies, “eat” the city will be from renewable sources, and its territory will become an independent in the legislative plan.

We will remind, in Russia the level of debt on payment for housing and communal services is not reduced and remains at level of last year – 1,243 trillion roubles.