King Salman Bin Abdulaziz Al Saud arrived in the evening of October 4 with a delegation including businessmen and government representatives.
"The Saudi monarchy is now actively establishing worldwide relationships", Smirnov said. Even though the United States still takes the dominant position in the Middle East, the adherence of the region to traditional alliances has been weakening recently while regional leaders try to look for alternatives. We are looking at opportunities for working together with the different companies. The latest visit will bolster the existing economic relations, according to Smirnov.
Saudi Arabia's General Investment Authority granted licenses to four Russian companies to work fully in the construction sector.
According to the publication, Saudi Arabia does not plan to sign the deal to acquire S-400 missile systems from Russian Federation during King Salman's visit to Moscow.
As Saudi Arabia's King Salman embarked on a historic four-day visit to Russian Federation, the whole world is keenly following the developments.
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Saudi Arabia signed preliminary agreements to buy Russia's S-400 air defence systems and anti-tank guided missile systems and receive "cutting edge technologies", said the Sunni state's military firm, Saudi Arabian Military Industries.
Russia's cooperation with OPEC has "breathed life" back into the organization, Saudi Arabia's Energy Minister Khalid al-Falih said in Moscow.
The leaders of the world's largest energy exporters discussed an extension of an Opec agreement to cap oil output and oversaw the signing of deals which officials said were worth billions of dollars.
Matviyenko expressed her hope that King Salman's visit would be successful and fruitful, and would give a strong impetus to the development of bilateral relations.
Oil traded near $50 a barrel in NY as traders weighed a flood of US crude exports against the possibility of extended production cuts by OPEC and Russian Federation. "Our relations have a fairly lengthy history", Putin underscored. The leaders of the two countries discussed the expansion of economic cooperation, military-technical cooperation, as well as a number of important worldwide problems.
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Notably, couple of years ago, the possibility of any Saudi monarch visiting Russian Federation was too bleak as both nations were up in arms against each other for decades over various regional issues.
The two sides have an interest in co-operating on a number of fronts.
"King Salman positively assessed the efforts being made on the Syrian settlement within the framework of the Astana format". And Russia is close to Iran, a fierce adversary of Saudi Arabia despite their status as OPEC members. Yet, pre-contract negotiations on the subject may commence should all necessary agreements are reached during King Salman's meeting with President Putin.
"Shale coming in and happening again in 2018 doesn't bother me at all".
Assessing the results of the Thursday talks, King Salman bin Abdulaziz al-Saud emphasized that the outlook of Moscow and Riyadh on many regional and worldwide problems coincide.
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