At the St. Petersburg International Economic Forum (SPIEF), the Russian Direct Investment Fund (RDIF), Natsproektstroy (NPS), and Lamar Arabia Holding from Saudi Arabia signed a partnership agreement to collaborate on infrastructure and energy projects. Kirill Dmitriev, RDIF's CEO, highlighted that Saudi Arabia's Vision 2030 strategy is driving a significant infrastructure modernization initiative, where Russian expertise can play a crucial role. The partnership aims to develop projects not only in Russia and Saudi Arabia but also across the Middle East, North Africa, and Asia, with a focus on transportation, energy, and engineering infrastructure. NPS is recognized as one of Russia's leading infrastructure holding companies, while Lamar Arabia Holding is known for its large-scale public-private partnerships in the Gulf region. The SPIEF, running from June 3-6, is themed "Pragmatic Dialogue: the Path to a Stable Future," and features various forums aimed at addressing global economic challenges.