Saudi Arabia-Russia Bilateral Relations

 Overview:

Russian Federation Kingdom of Saudi Arabia

 Area: 17,075,400 km2 approximately.  Area: 2 million km2 approximately.

 Capital: Moscow  Capital: Riyadh

Russia is bordered by the Arctic Ocean in the
North; Finland, Estonia, Latvia, Belarus, Located in South West Asia. KSA is bordered
Ukraine, Georgia, Azerbaijan, and the Black by Iraq and Jordan in the North; Kuwait in
Sea in the West; Kazakhstan, Mongolia, the North East; Qatar, United Arab Emirates
 Location:  Location: and Bahrain in the East; Yemen and Oman in
China, and North Korea in the South; and the
the South East, and the Red Sea in the West.
Pacific Ocean in the East.

 Political  Political
Federal Semi-presidential Monarchy
System: System:
 Head of  Head of
Vladimir Putin King Salman bin Abdulaziz Al Saud
State: State:
 Language Russian  Language Arabic

 Population: 143 mn approximately (2016 estimate)  Population: 32 mn approximately (2016 estimate)

 ccTLD: .RU  ccTLD: .SA

 Currency: Russian ruble (RUB 1 = SAR 0.064)  Currency: Saudi Riyal (SAR 1 = RUB 15.481)

 Saudi-Russian Diplomatic Relations:

1- Saudi Arabia has official representation in Russia; the Saudi Embassy in Moscow.
2- Russia has official representation in Saudi Arabia; the Russian Embassy in Riyadh,
Russian Consulate General in Jeddah.

 Saudi-Russian Agreements and Joint Committees:

1- The Saudi-Russian Business Council.
2- The Saudi-Russian Committee, led by the Saudi Arabian General Investment
Authority (Saudi Side).
3- The agreement on avoidance of double taxation (11/02/2007).

 Economic Indicators:
Indicators Country 2010 2011 2012 2013 2014 2015 2016 *
KSA 527 670 734 744 752 649 638
GDP at Current Prices (Bn US$)
RUS 1638 2032 2170 2231 2031 1326 1268
KSA 19,113 23,594 25,139 24,816 24,454 20,677 19,922
GDP Per Capita (US$)
RUS 11,445 14,187 15,145 15,559 14,160 9,243 8,838
KSA 5.8 3.6 3.6 3 2.4 2 4.0
Inflation Rate
RUS 6.9 8.4 5.1 6.8 7.8 15.5 7.2
KSA 5.5 5.8 5.5 5.6 5.5 5.8 5.7
Unemployment Rate
RUS 7.3 6.5 5.5 5.5 5.2 5.6 5.8
Source: IMF, WEO 2016 * Preliminary.

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 Saudi Arabia-Russia Bilateral Relations

 Economic Outlook:

General Government Gross Debt GDP Per Capita (US$) GDP at Current Prices (US$bn)
(% of GDP)
30000
120 25000 2500
100 20000 2000
80 15000 1500
60 1000
10000 500
40 5000 0
20

1999
2001
2003
2005
2007
2009

2013
2015
2017
2019
2011
0
0

1999
2001
2003
2005
2007
2009

2013
2015
2017
2019
2011
2001
1999
2000
2002
2003
2004
2005
2006
2007
2008
2009
2010
2012
2013
2014
2015
2016
2017
2018
2019
2020
2011

Unemployment (%) Inflation (%) Population (million)

14 88
12 78
68 150
10 58 125
8 48 100
6 38 75
4 28 50
18
2 8 25
0 -2 0
2001
1999
2000
2002
2003
2004
2005
2006
2007
2008
2009
2010
2012
2013
2014
2015
2016
2017
2018
2019
2020
2011

2015
1999
2001
2003
2005
2007
2009

2013

2017
2019
2011
2013

2019
1999
2001
2003
2005
2007
2009

2015
2017
2011

GDP Growth at Constant Prices Growth of Imports (%) Growth of Exports (%) ‫معدل نمو‬
(%)
12 28 25
10 20
8 20 15
6 12 10
4 4 5
2 0
0 -4 -5

2017
1999
2001
2003
2005
2007
2009

2013
2015

2019
2011
1999
2001
2003
2005
2007
2009

2013
2015
2017
2019
2011

-2 -12 -10
1999
2001
2003
2005
2007
2009

2013
2015
2017
2019
2011

-4 -15
-20 -20
-6 -25
-8 -28
-30

Source: IMF, WEO 2016, and Center for Information and Research, CSC for Saudi unemployment rate projections.

KSA RUS

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 Saudi Arabia-Russia Bilateral Relations

 Saudi-Russian Bilateral Trade:

Trade between Saudi Arabia and Russia (SAR Million), 1998-2015

Year Exports Imports

Trade Balance of
Volume Trade
Value Rank % Value Rank %

1998 2 102 0.0% 369 38 0.3% 371 -367

1999 1 111 0.0% 331 39 0.3% 332 -330
2000 0 115 0.0% 466 35 0.4% 466 -466
2001 7 83 0.0% 384 42 0.3% 391 -377
2002 25 69 0.0% 515 39 0.4% 540 -490
2003 1 107 0.0% 888 33 0.6% 889 -887
2004 2 116 0.0% 990 35 0.6% 992 -988
2005 46 69 0.0% 1499 33 0.7% 1545 -1453
2006 20 79 0.0% 2653 24 1.0% 2673 -2633
2007 31 82 0.0% 3418 24 1.0% 3449 -3387
2008 48 84 0.0% 4033 28 0.9% 4081 -3985
2009 63 66 0.0% 2634 29 0.7% 2697 -2571
2010 67 74 0.0% 3386 28 0.8% 3453 -3319
2011 151 65 0.0% 4582 27 0.9% 4733 -4431
2012 174 66 0.0% 5495 26 0.9% 5669 -5321
2013 143 73 0.0% 6348 25 1.0% 6491 -6205
2014 173 71 0.0% 7107 22 1.0% 7280 -6935
2015 70 83 0.0% 4,636 29 1% 4,706 -4,565

Trade between Saudi Arabia and Russia (SAR Million), 1998-2015

8000

6000

4000

2000

0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Trade Exports Imports

Source: GaStat, Foreign Trade Statistics )2016( * SAR million

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 Saudi Arabia-Russia Bilateral Relations

 Saudi-Russian Top Exports and Imports (SAR million):

Top Exported Commodities 2015 Value Top Imported Commodities 2015 Value
PIGMENTS & PREPARATIONS 19 BARLEY 2,728

EPOXIDE RESINS 8 NON-ALLOY PIG IRON < 0.5% PHOSPHORUS 312

PLASTICS COATED PAPER 7 REFINED COPPER WIRE OVER 6 MM THICK 307

MOQUETTE CARPETS AND RUGS, PILE, NOT MADE CATHODES AND SECTIONS OF CATHODES
3 159
UP OF REFINED COPPER
HIGH DENSITY POLYETHYLENE 3 REACTION INITIATORS AND ACCELERATORS 145
Source: GaStat, Foreign Trade Statistics )2016(

:‫ االستثمار األجنبي المباشر لدى السعودية وروسيا االتحادية‬

Saudi Arabia Russian Federation
Variable 2000 2010 2015 2000 2010 2015

FDI inward stock

(USD mn) 17,577 176,378 224,050 29,738 464,228 258,402

FDI outward stock

(USD mn) 5,285* 26,528 63,251 19,211 336,355 251,979

Source: UNCTAD, World Investment Report 2016 *Estimated Figures

Center for Information and Research, Council of Saudi Chambers