SAUDI ARABIA TO SIGN SPACE COOPERATION AGREEMENT WITH RUSSIA
Last Updated: 2018-09-12
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RIYADH, Saudi Arabia, Sept 12 (NNN-SPA) - The Saudi cabinet, approved on Tuesday, an agreement with the Russian government, for cooperation in the field of exploring space, and using outer space for peaceful purposes, it was reported.

The approval was based on recommendations by the Ministry of Energy, Industry and Mineral Resources, and the decision of the Shura (Consultative) Council, about the agreement between the two countries.

The new cooperation is part of a series of coordination, in different sectors, between the two countries, especially after the visit of the Saudi King, Salman bin Abdulaziz Al Saud, to Russia in Oct, 2017.

During his visit to Moscow, the Saudi King, Salman Al Saud, signed multi-billion-dollar economic agreements, including a partnership between Russian Direct Investment Fund (RDIF) and Saudi Arabia's Public Investment Fund (PIF), and Mubadala Investment Company, to invest in transport infrastructure projects, in Russia.-- NNN-SPA