Saudi Arabia will soon invest in the Russian-Chinese investment fund (RCIF, a joint venture of the Russian Direct Investment Fund (RDIF) and China Investment Corporation), and the fund will be renamed, head of RDIF Kirill Dmitriev told reporters during the Future Investment Initiative forum.

"In the near future, we will announce that Saudi Arabia is investing in RCIF and the fund will be renamed as the Russian-Chinese-Saudi Fund. Thus, our partnership in China will be replenished with the sovereign fund of Saudi Arabia. It concerns a significant investment from the Saudi side", he said.