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Saudi Arabia Wants to Increase Tourist Flow From Russia - Investment Fund

CC BY-SA 4.0 / B.alotaby / Riyadh SkylineRiyadh Skyline showing the King Abdullah Financial District (KAFD) and the famous Kingdom Tower
Riyadh Skyline showing the King Abdullah Financial District (KAFD) and the famous Kingdom Tower - Sputnik International
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Al ULA (Sputnik) - Riyadh would like to attract more tourists from Russia, Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev said.

"The Saudi side is very interested in Russian tourists coming to the country. Today, six million tourists come to Turkey, an average of three million come to Egypt, we want more and more to come here… Investments of the Saudi side in Russia will now be increased, including in Russian tourist projects. The Russian-Chinese-Saudi Fund will also invest in tourism in Saudi Arabia with the support of the Saudi government," Dmitriev told reporters.

READ MORE: Russia, Saudi Arabia Take Control of Oil Output Ahead of OPEC Talks

A Saudi money changer, pictured through a glass, arranges U.S banknotes at a currency exchange shop in Riyadh, Saudi Arabia September 29, 2016 - Sputnik International
Saudi Economist: It’s Convenient to Invest in Russia
Presently, a tourist visa to Saudi Arabia can only be obtained with the purpose of attending a certain event. The first such event was the Formula E, and the second one is the festival called Winter at Tantora, which takes place in the administrative district of Al Ula.

On Sunday, Al Ula hosted a presentation of a strategy to develop the district as the first tourism destination in Saudi Arabia. Dmitriev took part in the ceremony as a guest and met with partners from Saudi Arabia.

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