By clicking on the "Accept & Close" button, you provide your explicit consent to the processing of your data to achieve the above goal.
RIYADH, (Sputnik) - The Saudi Public Investment Fund (PIF) will contribute $500mln to the Russia-China Investment Fund (RCIF), the Russian Direct Investment Fund (RDIF) said Thursday in a statement.
"The agreement sets out that PIF will contribute $500 million to RCIF. Thus, RCIF will have a total of $2.5 billion of capital under management (of which RDIF and China Investment Corporation contributed $1 billion each). The agreement creates a trilateral Russian-Chinese-Saudi investment fund," the statement read.
Since its establishment in 2012, the Russia-China Investment Fund (RCIF) has invested in and approved more than 25 projects. Investments were directed to sectors such as infrastructure, the forest industry, consumer sector, financial sector, information technology, and others. Currently, there are more than 20 projects with a total volume of over $1 billion in sectors like technology, retail, agriculture and food production, transport and logistics, e-commerce, financial services, real estate, and healthcare.
“The current agreements with our Saudi partners are bringing the RCIF to the global level — the three leading sovereign funds are joining forces for the joint implementation of investment projects. Such a scheme will not only unify the expertise of investors in Europe, Asia, and the Middle East, but also allow the fund's portfolio companies to receive support in several key markets at once,” the statement read.
The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules.
Users are obliged abide by national and international laws. Users are obliged to speak respectfully to the other participants in the discussion, readers and individuals referenced in the posts.
The websites’ administration has the right to delete comments made in languages other than the language of the majority of the websites’ content.
In all language versions of the sputniknews.com websites any comments posted can be edited.
A user comment will be deleted if it:
does not correspond with the subject of the post;
promotes hatred and discrimination on racial, ethnic, sexual, religious or social basis or violates the rights of minorities;
violates the rights of minors, causing them harm in any form, including moral damage;
contains ideas of extremist nature or calls for other illegal activities;
contains insults, threats to other users, individuals or specific organizations, denigrates dignity or undermines business reputations;
contains insults or messages expressing disrespect to Sputnik;
violates privacy, distributes personal data of third parties without their consent or violates privacy of correspondence;
describes or references scenes of violence, cruelty to animals;
contains information about methods of suicide, incites to commit suicide;
pursues commercial objectives, contains improper advertising, unlawful political advertisement or links to other online resources containing such information;
promotes products or services of third parties without proper authorization;
contains offensive language or profanity and its derivatives, as well as hints of the use of lexical items falling within this definition;
contains spam, advertises spamming, mass mailing services and promotes get-rich-quick schemes;
promotes the use of narcotic / psychotropic substances, provides information on their production and use;
contains links to viruses and malicious software;
is part of an organized action involving large volumes of comments with identical or similar content ("flash mob");
“floods” the discussion thread with a large number of incoherent or irrelevant messages;
violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling");
doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences.
The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected.